March 16, 2025  

X11942177

Price:
$389,900  For Sale
MLS® No:
X11942177
Community:
Greater Napanee
Address:
133/135 JOHN STREET, Greater Napanee, Ontario, Canada, K7R1R1
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Features

Approximate Square Footage:
3950 sqft
#Bathrooms:
4
#Parkings:
8
Heat Source:
Natural gas
Heat Type:
Forced air
Fire Place:
N

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. (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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