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$ 389,900
Est. payment | /mo
4 Baths
3,950 SqFt
$ 389,900
Est. payment | /mo
4 Baths
3,950 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,950 sqft
Price per Sqft $98
Subdivision Greater Napanee
MLS® Listing ID X11942177
Originating Board Kingston & Area Real Estate Association
Property 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. (id:24570)
Location
State ON
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Sewer Sanitary sewer
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
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