Discover a fully tenanted 5-unit legal non-conforming apartment building offering a robust gross income of $90,780 per year and an impressive 8.7% cap rate. This property has seen significant upgrades, including a newer well and septic system, along with cosmetic enhancements to select units, ensuring minimal maintenance and tenant satisfaction. Ideally situated just 10 minutes north of Highway 401 in the charming village of Roblin, this investment gem offers a serene rural setting with easy access to urban centers. Centrally located, its just 2 hours from both Toronto and Ottawa .Dont miss your chance to own this income-generating property perfect for seasoned investors or those looking to expand their portfolio. **** EXTRAS **** Please review all documents attached. (id:47482)
| BusinessType | Residential |
| BusinessSubType | Apartments |
| MLS® Number | X11891040 |
| Property Type | Multi-family |
| Community Name | Greater Napanee |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 5 |
| BathroomTotal | 5 |
| Appliances | Dryer, Refrigerator, Stove, Water Treatment |
| CoolingType | Partially Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeInterior | 0.355 Ac |
| Type | Multi-family |
| Acreage | No |
| Sewer | Septic System |
| SizeDepth | 139 Ft ,10 In |
| SizeFrontage | 72 Ft ,2 In |
| SizeIrregular | Bldg=72.18 X 139.86 Ft |
| SizeTotalText | Bldg=72.18 X 139.86 Ft |
| ZoningDescription | Hr-2 (hamlet Residential - Exception2) |
https://www.realtor.ca/real-estate/27733953/3244-county-41-road-greater-napanee-greater-napanee
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