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This legal non-conforming 7 plex has mostly long-term tenants that are above the age of 55+. There are no outstanding issues with any of the tenants. They are month-to-month contracts. There are approximately 7 parking spots available & a storage shed. The building is 100+ years in age. Updates include some newer windows, 2 units lightly renovated, drywall repairs, and roofing. There is currently a 2 bedroom 2 storey until that is vacant and awaiting your choice tenants. It would approximately rent for $1350/month plus hydro. Napanee has a very low vacancy rate. The building gross approximately $58,000/yr not including the vacant unit therefore it has the potential to gross $73,824 once you put a tenant in the ready-to-go vacant apartment. Expenses over the last 3 years average $25,000 including capital expenditures. All tenants are on month-to-month leases and all but one unit pay hydro in addition to their rent. This location is prime and within walking distance to waterfront trails, shopping, dining, spas, library, churches, and much more. This building is being offered for sale for the first time since 1998. Floor plans for each unit, building inspection, financials & additional information are available upon request. (id:24093)
Listed by Alexandra Grant of Re/Max Hallmark First Group Realty Ltd.,Brokerage

Property Details of 70 Dundas Street Street West

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"Based on information submitted to CREA as of October 5, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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