14
See all 14 photos
$2,789,000
Est. payment /mo
1 SqFt
Pending
469 Palace RD Greater Napanee, ON K7R 1A5
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $2,789,000
Subdivision 58 - Greater Napanee
MLS Listing ID X12129269
Annual Tax Amount $18,828
Tax Year 2024
Property Sub-Type Investment
Property Description
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!!!!
Location
Province ON
County Lennox & Addington
Community 58 - Greater Napanee
Area Lennox & Addington
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 174.91
Lot Depth 120.0
Listed by KELLER WILLIAMS ENERGY REAL ESTATE, BROKERAGE