Randy Beck - at your Beck and call
randy@randybeck.ca
613.541.9221
him
MLS®: X12715974 Status: For sale

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RE/MAX Finest Realty, Brokerage - Kingston

Randy Beck
Sales Representative

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Telephone:
613.389.7777

Cellular:
613.541.9221


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$699,900
Location:

48 DUNDAS STREET E, Greater Napanee (Greater Napanee) Ontario, K7R1H8

48 DUNDAS STREET E, Greater Napanee (Greater Napanee) Ontario
Description:
A strong mixed use income property in the heart of Napanee's revitalized downtown. This well maintained asset includes residential, commercial, and storage income streams, all fully leased, with additional upside through storage leasing and long term area growth driven by the Gibbards District. Mixed use income property with 2 residential units, 1 commercial unit, and 2 storage units. Current Gross Income: $55,647/year. Income Upside: $61,047/year with 900 sq. ft. storage leased. NOI: $42,193 (or $47,593 with storage leased). Commercial Lease: Secured until August 2027. New furnace and rubber membrane roof (2020). All units fully leased. Gibbards District bringing major population and customer growth. Financials available upon request (id:2471)
Property:
Type: Retail
Lot Dimensions: 0.063Acreage: 0.063 ac
Water: Municipal water
Structure:
Style: Residential Commercial MixSquare Footage: 2675 sqft
Bathrooms: 4
Heating: Forced air
Heating Type: Electric
Cooling Type: Partially air conditioned
Features:
Irregular lot size     
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48 DUNDAS STREET E, Greater Napanee (Greater Napanee) Ontario

Listing Office: ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

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**Broker *Sales Representative
Finest Realty Inc, Brokerage, 1329 Gardiners Road, Kingston ON, K7P 0L8
Independently Owned And Operated