About 3244 County 41 Road
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.
Features of 3244 County 41 Road
| MLS® # | X12462772 |
|---|---|
| Price | $699,900 |
| Bathrooms | 5.00 |
| Type | Commercial |
| Sub-Type | Investment |
| Status | Active |
Community Information
| Address | 3244 County 41 Road |
|---|---|
| Area | Lennox & Addington |
| Subdivision | 58 - Greater Napanee |
| City | Greater Napanee |
| Province | ON |
| Postal Code | K0K 2W0 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Garages | None |
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | Partial |
| Fireplace | No |
Listing Details
| Office | RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE |
|---|