133/135 John Street,Greater Napanee, ON K7R 1R1
Greater Napanee, ON K7R 1R1
Description
Prime investment opportunity in the heart of historic downtown Napanee! This fully tenanted, mixed-use building offers two residential units and a commercial storefront, generating a total annual rental income of $37,416. Recent upgrades include electrical panel updates (Fall 2024) and the installation of new 3 separate hydro meters. The residential units are fully rented, with one tenant paying utilities and the others enjoying all-inclusive arrangements. The commercial storefront provides excellent potential, with permitted uses available upon request. Located in the quaint Town Square, the property is surrounded by charming boutiques, restaurants, and the allure of small-town living. With annual expenses of $14,100.48 and a CAP rate of 5.98%, this is an ideal investment for those seeking steady cash flow in a prime location. Don't miss this opportunity to own a versatile property in one of Napanees most desirable areas. All Showing requests must be made 48 hrs in advance.
Details
| MLS# | X11942177 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 87 |
| Listing Provided By | RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE | X11942177 072308 |
Features
| Bath(s) | 4 |
|---|---|
| SQ Feet | 3,950 |
| Acreage | 0.09 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Lennox & Addington |
| City | Greater Napanee |
| Postal Code | K7R 1R1 |
| Area | Greater Napanee |
| Listing VS Median (in K7R 1R1) | |
Price: $389,900 low | high Med: $389,900 SqFt: 3,950 low | high Med: 3,950 $ / SqFt: $99 low | high Med: $99 On site: 87 low | high Med: 87.000000 | |