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1 Sqft Lot
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1 Sqft Lot
Key Details
Property Type Multi-Family, Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Subdivision Kensington
MLS® Listing ID 202623488
Year Built 2014
Lot Size 1 Sqft
Acres 3.168044E-5
Property Sub-Type Condo
Property Description
Outstanding 16-Unit Investment Opportunity ? Kensington, PEI A rare opportunity for investors and business owners to acquire a well-maintained, income-producing 16-unit property in wonderful Kensington, Prince Edward Island. Opportunities like this don?t come along often! This impressive investment consists of 16 spacious 2-bedroom units, made up of two 6-unit apartment buildings plus an adjacent 4-unit building. The property has been meticulously cared for by its original owner since day one and is only 12 years young. With a 2-year waiting list, demand for these units is exceptionally strong, providing an attractive opportunity for an investor looking for stable, long-term income. Property Highlights:16 total 2-bedroom units, Two 6-unit apartment buildings plus an adjacent 4-unit building, Only 12 years old, Extremely well maintained by the original owner, Approximately $250,000 per door or less ? an exceptional value 2-year waiting list demonstrating strong rental demand, Every unit has its own heat pump, Electric heat ? no oil, Very good soundproofing, Each unit includes a large 15' × 24' attached garage, Additional garage/storage space, Desirable location in Kensington, PEI, Strong potential for long-term income and future appreciation. This is an excellent opportunity to add a quality income-producing asset to your portfolio or build an outstanding retirement investment package. Well-maintained properties, strong tenant demand, individual heating systems and attached garages make this a very attractive investment opportunity. Opportunities of this size and quality are rare ? don?t miss your chance to take a closer look. Contact us today for additional information and financial details. (id:24570)
Location
Zoning Multi-Family
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Wall Mounted Heat Pump,
Cooling Air Conditioned
Flooring Engineered hardwood, Laminate, Vinyl
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by ROYAL LEPAGE COUNTRY ESTATES 1985 LTD
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