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$ 785,000
Est. payment /mo
Pending
70 Dundas ST W Greater Napanee, ON K7R 1Z8
9 Beds
7 Baths
UPDATED:
12/20/2024 10:21 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X9039453
Style 2-Storey
Bedrooms 9
Annual Tax Amount $8,929
Tax Year 2024
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.
Location
Province ON
County Lennox & Addington
Area Lennox & Addington
Rooms
Family Room No
Basement Partial Basement
Kitchen 7
Separate Den/Office 2
Interior
Interior Features Separate Heating Controls, Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Garage Spaces 7.0
Pool None
Roof Type Membrane,Metal
Total Parking Spaces 7
Building
Unit Features Golf,Hospital,Library,Park,Public Transit,Rec./Commun.Centre
Foundation Slab, Stone
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD.