Fully tenanted 12-unit apartment seniors building located along the Napanee River, just a short walk to downtown Napanee, Napanee Falls, and the waterfront trail. The property features all 2-bedroom units(all similar to the 12 units), with 7 of them updated. Recent upgrades include a steel roof (2016), hardwired fire alarm system (2019), vinyl windows throughout, steel balcony doors with storm doors, exterior LED lighting, and gas water heater. Situated on a spacious lot, the property offers outdoor space for tenants and direct access to the scenic Napanee River. Rental Income Annual of $167489.44!!!! (id:4069)
Address
469 PALACE ROAD
List Price
$2,789,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
Greater Napanee (greater Napanee)
Floor Area
1 Sq. Ft.
Lot Size
Bldg=174.91 x 120 FT Sq. Ft.
MLS® Number
X12129269
Listing Brokerage
KELLER WILLIAMS ENERGY REAL ESTATE, BROKERAGE
Postal Code
K7R1A5
Zoning
R6-3
