3244 County 41 Road
Greater Napanee, K0K 2W0
FOR SALE
$649,900

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Investment
CATEGORY72.18 x 139.86
LOT SIZEX12462772
MLSIDContact Us
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.
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Property Details
Address
3244 County 41 Road
Community
City
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
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Listing contracted with Re/Max Hallmark First Group Realty Ltd. , Brokerage
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