Unique seven (7) unit multiplex located within walking distance of downtown Napanee amenities. This income-producing property is attached but separately deeded, with all information provided in this listing representing the combined details of both parcels. 49 Bridge St W consists of 3 units, while 51 Bridge St W consists of 4 units. Six units are currently tenant-occupied with long-standing tenants. Rental amounts reflect the most recent rental increases, and there are no separate meters; all rents are inclusive. Based on full occupancy, the property generates approximately $105,744 in gross annual income, with an estimated net operating income of $58,729/year and an approximate 7.73% cap rate based on the $760,000 asking price. The property features hot water boiler heating (2012), metal roofing on one portion (2018), a new asphalt shingle roof (2026), and vinyl siding (2021). R4 zoning; permitted uses and zoning information are available upon request. 48 hours' notice required for all showings. Income and expense sheet and a recent building inspection are available upon request. (id:13843)
| MLS # | X13807912 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 33 |
| Listing Provided By | RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE | ALEXANDRA GRANT |
| Bed(s) | 9 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 5,000 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R4 |
| Cooling | None |
|---|---|
| Heating | Natural gas |
| Appliances | Refrigerator, Stove, Water Heater |
| Fireplace Yes / No | No |
| Foundation Details | Stone, Slab |
|---|
| Parking Features | No Garage |
|---|---|
| Parking Total | 8 |
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
| Tax Annual Amount | 6803.04 |
|---|
| Province | ON |
|---|---|
| City | Greater Napanee (Greater Napanee |
| Postal Code | K7R2C4 |
| Listing VS Median (in K7R2C4) | |
Price: $760,000 low | high Med: $760,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $152 low | high Med: $152 On site: 33 low | high Med: 33 | |
| Province | ON |
|---|---|
| City | Greater Napanee (Greater Napanee |
| Postal Code | K7R2C4 |
| Listing VS Median (in K7R2C4) | |
Price: $760,000 low | high Med: $760,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $152 low | high Med: $152 On site: 33 low | high Med: 33 | |