About 49/51 Bridge Street W
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.
Features of 49/51 Bridge Street W
| MLS® # | X13807912 |
|---|---|
| Price | $760,000 |
| Bedrooms | 9 |
| Bathrooms | 7.00 |
| Square Footage | 5,000 |
| Acres | 0.00 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 49/51 Bridge Street W |
|---|---|
| Area | Lennox & Addington |
| Subdivision | 58 - Greater Napanee |
| City | Greater Napanee |
| Province | ON |
| Postal Code | K7R 2C4 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Water |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Full, Unfinished |
Exterior
| Exterior | Brick, Vinyl Siding |
|---|
Listing Details
| Office | RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE |
|---|