Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

3244 County 41 Road, Greater Napanee, ON K0K 2W0 (Located on the Corner of Roblin Rd & County Road 41 in the Village of Roblin)
$ 649900 - MLS : X12462772

From Our Gallery

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.

Location Description

Located on the Corner of Roblin Rd & County Road 41 in the Village of Roblin

Property Detail

Community: 58 - Greater Napanee
Property Type: Tenant/Commercial
Bath: 5
Garages: None
Annual Property Taxes : $ 4121.29

Lot dimensions: sqft
Baths:

Facts and Features

Parking Type : None

Amenities

Heating : Baseboard
Sewer : Septic ,
Water System : Drilled Well

Listing Contracted With: RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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