49/51 Bridge Street W, Greater Napanee, ON K7R 2C4
- $760,000
- 9
- BD
- 7
- BA
- List Price
- $760,000
- MLS#
- X13807912
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 9
- Bathrooms
- 7
- Living Area
- 5000 +
- Province
- ON
- Municipality
- Greater Napanee
- Area
- Lennox & Addington
- Neighborhood
- 58 - Greater Napanee
- Subdivision
- Centre St W On Bridge
Property Description
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.
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Additional Information
- Taxes
- $6,803
- Heat Type
- Water
- Heat Source
- Gas
- Air Conditioning
- None
- Kitchens
- 7
- Exterior
- Brick, Vinyl Siding
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 8
- Parking Type
- Private
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Listing courtesy of RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE.