September 9, 2024  

40620551

Price:
$785,000  For Sale
MLS® No:
40620551
Address:
70 DUNDAS Street W, Napanee, Ontario, Canada, K7R1Z8
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Features

Approximate Square Footage:
4864 sqft
Basement:
Unfinished
Exterior Finish:
Brick, Vinyl siding
#Bedrooms:
11
#Bathrooms:
7
#Parkings:
7
Heat Source:
Natural gas
Heat Type:
Baseboard heaters, Forced air
Central AC:
None
Fire Place:
N

Discover a unique investment opportunity with this well-maintained legal non-conforming 7-plex, boasting a history of steady occupancy and satisfied residents. Currently, all tenants are aged 55+, fostering a peaceful and mature community. Each unit is rented on a month-to-month basis. This property has return on investment with a projected rental income of $80, 388 per year and current expenses of $23, 033. 54 (2023). Conveniently, it offers seven parking spots and an outbuilding for additional storage, catering to tenant needs. Two units are intentionally kept vacant, offering immediate potential for new tenants or renovation. Owned by the same individual since 1998, the building has been meticulously cared for and upgraded over the years. Detailed floor plans, a comprehensive list of upgrades, and a breakdown of expenses and rents are available upon request. Don’t miss out on this rare opportunity to own a multi-family property in a desirable location. (id:5856)
Listing Contracted With: Re/Max Hallmark First Group Realty Ltd. Brokerage (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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