9 Bedroom
7 Bathroom
5,000 - 100,000 sqft
None
$760,000
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:48744)
Property Details
|
MLS® Number |
X13807912 |
|
Property Type |
Multi-family |
|
Community Name |
58 - Greater Napanee |
|
Amenities Near By |
Golf Nearby, Hospital, Park, Place Of Worship, Schools |
|
Community Features |
Community Centre |
|
Parking Space Total |
8 |
Building
|
Bathroom Total |
7 |
|
Bedrooms Above Ground |
9 |
|
Bedrooms Total |
9 |
|
Age |
100+ Years |
|
Appliances |
Water Heater, Stove, Refrigerator |
|
Basement Development |
Unfinished |
|
Basement Type |
Full (unfinished) |
|
Cooling Type |
None |
|
Exterior Finish |
Brick, Vinyl Siding |
|
Foundation Type |
Slab, Stone |
|
Heating Fuel |
Natural Gas |
|
Stories Total |
2 |
|
Size Interior |
5,000 - 100,000 Sqft |
|
Type |
Other |
|
Utility Water |
Municipal Water |
Parking
Land
|
Acreage |
No |
|
Land Amenities |
Golf Nearby, Hospital, Park, Place Of Worship, Schools |
|
Sewer |
Sanitary Sewer |
|
Size Depth |
134 Ft ,10 In |
|
Size Frontage |
83 Ft |
|
Size Irregular |
83 X 134.9 Ft |
|
Size Total Text |
83 X 134.9 Ft|under 1/2 Acre |
|
Zoning Description |
R4 |
Utilities
|
Cable |
Available |
|
Electricity |
Installed |
|
Sewer |
Installed |
https://www.realtor.ca/real-estate/30304936/4951-bridge-street-w-greater-napanee-greater-napanee-58-greater-napanee