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$ 785,000
Est. payment /mo
Active
70 DUNDAS STREET W Greater Napanee, ON K7R1Z8
11 Beds
7 Baths
3,499 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,499 sqft
Price per Sqft $224
MLS® Listing ID X9039453
Bedrooms 11
Originating Board Kingston & Area Real Estate Association
Property Description
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 $82,596 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:24570)
Location
Province ON
Interior
Heating Forced air
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. BROKERAGE