Greater Napanee - 58 - Greater Napanee
Greater Napanee - 58 - Greater Napanee
Listed For $829,900
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This legal non-conforming 7 plex has mostly long-term tenants that are above the age of 55+. There are no outstanding issues with any of the tenants. They are month-to-month contracts. There are approximately 7 parking spots available & a storage shed. The building is 100+ years of age. Updates include some newer windows(more on order), 2 units lightly renovated, drywall repairs, and roofing, and newer structural beams(2022). The building produces approximately net $53,000/yr and $74,000 gross/yr. All tenants are on month-to-month leases and all but one unit pay hydro in addition to their rent. This location is prime and within walking distance to waterfront trails, shopping, dining, spas, library, churches, and much more. This building is being offered for sale for the first time since 19
* Values are estimates only and not a guarantee of lending or affordability.
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