3244 County 41 Road

FOR SALE
$649,900
3244 County 41 Road, Greater Napanee
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
3244 County 41 Road
Investment
CATEGORY
72.18 x 139.86
LOT SIZE
X12462772
MLSID
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Property Description
Fully tenanted 5-unit legal non-conforming apartment building generating a strong gross income of $91,380/year with a 10.685% cap rate. Separately metered for hydro with electric baseboard heating and heat pumps as heating sources. Recent upgrades include a newer well producing over 5 PLUS GPM (no trickle system required) and a 10,000-gallon holding tank with approx. $3,550/year in pump-out costs. Select units have seen cosmetic improvements, ensuring tenant satisfaction and reduced maintenance. Located just 10 minutes north of Hwy 401 in the quiet village of Roblin, this low-maintenance rural property offers excellent access to urban centres and is just 2 hours from Toronto or Ottawa. A solid opportunity for investors seeking stable cash flow. Detailed expense sheet available upon request.
Property Details
Address
3244 County 41 Road
Postal Code
K0K 2W0
Property Type
Investment, Investment
Use
Apartment
Zoning
HR-2 (Hamlet Residential - Exception2)
Lot Size
72' x 140'
Taxes
$4,121 (2024
Heat Type
Baseboard
Water
Well
Parking Spaces
5
Garage Type
None
Listing contracted with Re/Max Hallmark First Group Realty Ltd. , Brokerage
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