434 Palace Road Napanee, Ontario K7R 1A3

42 Bedroom
None Acreage


This is a solid brick 24 plex in bustling Napanee. Good rental history with excellent super in place. Seller is selling based on a 5% cap rate with CMHC standard allocation for maintenance ($750 per unit annually) super and salaries ($350 per unit annually) 4% management fee and 3% vacancy fee even thought those figures may be less. (id:29438)

Property Details

MLS® Number 40083968
Property Type Multi-family
Equipment Type None
Features Laundry- Coin Operated
Parking Space Total 33
Rental Equipment Type None


Bedrooms Total 42
Basement Type None
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors, Alarm System
Fireplace Present No
Foundation Type Block
Heating Fuel Electric
Stories Total 3
Utility Water Municipal Water


Access Type Road Access
Acreage Yes
Sewer Municipal Sewage System
Size Frontage 274 Ft
Size Irregular 1.426
Size Total 1.426 Ac|1/2 - 1.99 Acres
Size Total Text 1.426 Ac|1/2 - 1.99 Acres
Zoning Description R6-2


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