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Josee Savard

josee@savardrealty.com +1(249) 877-4045

Est. payment - /mo

9 Beds

7 Baths

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Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 58 - Greater Napanee

MLS Listing ID X13807912

Style 2-Storey

Bedrooms 9

Annual Tax Amount $6,803

Tax Year 2026

Property Sub-Type Multiplex

Property 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. Six 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 required for all showings. Income and expense sheet and a recent building inspection are available upon request.

Location

Province ON

County Lennox & Addington

Area Lennox & Addington

Zoning R4

Rooms

Family Room No

Basement Full, Unfinished

Kitchen 7

Interior

Interior Features Water Heater Owned

Cooling None

Inclusions 7 Refrigerators, 7 Stoves, 2 Hot Water Tanks

Exterior

Parking Features Private

Pool None

Roof Type Metal,Shingles

Lot Frontage 82.95

Lot Depth 134.9

Total Parking Spaces 8

Building

Building Age 100+

Foundation Slab, Stone

Others

Senior Community No

ParcelsYN No

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Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE

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Josee Savard

+1(249) 877-4045

49/51 Bridge ST W Greater Napanee, ON K7R 2C4

Josee Savard

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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49/51 Bridge ST W

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