Multiplex · For sale

49/51 Bridge Street W, Greater Napanee

$760,000

Listing brokerage: RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE · MLS® X13807912

Property report for this address · zoning, second units, flood, schools (public records)

Listing brokerage

RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE

Type

Multiplex

Deal

For sale

Category

Residential · Multi-unit homes

Bedrooms

9

Bathrooms

7

Size

5000 + sq ft

Lot

82.95 x 134.9 ft

Area

58 - Greater Napanee

MLS® number

X13807912

Description

Unique seven (7) unit multiplex located within walking distance of downtown Napanee amenities. This income-producing property is attached but separately deeded, with all information provided in this listing representing the combined details of both parcels. 49 Bridge St W consists of 3 units, while 51 Bridge St W consists of 4 units. All seven units are currently tenant-occupied with long-standing tenants. Rental amounts reflect the most recent rental increases, and there are no separate meters; all rents are inclusive. Based on full occupancy, the property generates approximately $105,744 in gross annual income, with an estimated net operating income of $58,729/year and an approximate 7.73% cap rate based on the $760,000 asking price. The property features hot water boiler heating (2012), metal roofing on one portion (2018), a new asphalt shingle roof (2026), and vinyl siding (2021). R4 zoning; permitted uses and zoning information are available upon request. 48 hours' notice is required for all showings. Income and expense sheet and a recent building inspection are available upon request.

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