70 Dundas Street W, Greater Napanee
- Bedrooms: 11
- Bathrooms: 7
- MLS®: x9039453
- Added: 54 days ago
- Updated: 3 days ago
- Last Checked: 5 hours ago
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. Dont miss out on this rare opportunity to own a multi-family property in a desirable location. (id:1945)
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Property Details
- Heating: Forced air, Natural gas
- Stories: 2
- Structure Type: Other
- Exterior Features: Brick, Vinyl siding
- Foundation Details: Stone, Slab
Interior Features
- Basement: Partial
- Appliances: Refrigerator, Stove
- Bedrooms Total: 11
Exterior & Lot Features
- Water Source: Municipal water
- Parking Total: 7
- Building Features: Separate Electricity Meters, Separate Heating Controls
- Lot Size Dimensions: 81 x 84.3 FT ; Irregular
Location & Community
- Directions: Centre Street South, West on Dundas, Located on Corner of Dundas & West Street
- Street Dir Suffix: West
- Community Features: Community Centre
Utilities & Systems
- Sewer: Sanitary sewer
Tax & Legal Information
- Tax Year: 2023
- Tax Annual Amount: 8929
- Zoning Description: R4
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