70 DUNDAS Street W Active Save Request In-Person Tour Request Virtual Tour
Napanee,ON K7R1Z8
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 4,864 sqft
Price per Sqft $161
Subdivision 58 - Greater Napanee
MLS Listing ID 40620551
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 $80,388 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 Baseboard heaters,Forced air,
Cooling None
Exterior
Garage No
Community Features Community Centre
Waterfront No
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold