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MLS® 202625207

Overview

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
Maintenance Fees 
Taxes $7,183
Days Active 5
Approx. Age 1968
MLS® Number 202625207

Property Address: 23 Kensington Rd, Charlottetown, PE, C1A5H4

Average square foot calculated using Size range provided by listing agent.

Description

Five-unit Apartment Building in Central Charlottetown This Five-unit Apartment Building presents an Excellent Opportunity for Investors looking to Expand their Real Estate Portfolio in Charlottetown. The building features a Desirable mix of rental accommodations, including two One-bedroom units, two Two-bedroom units, and one Three-bedroom unit. This variety offers flexibility in attracting tenants with different housing needs. The property has benefited from Many Updates, including Vinyl Windows, New Roof Shingle in 2023 and is built on a Full Concrete Foundation, providing a solid base for this Sturdy and Structurally Sound Building. Conveniently located in Central Charlottetown, it offers easy access to Public Transportation, with a bus route nearby, as well as on-site parking for added convenience. The building is Fully Rented, providing Investors with Established Rental Income from all Five Units. Its Central Location, variety of unit sizes, Many Updates, and Full Concrete Foundation make it an appealing option for Investors seeking a Multi-unit Rental Property. With a Strong Capitalization rate of 7.15% and an asking price of Only $709, 000, this property offers Investors an Opportunity to Acquire an Established, Income-producing property and Build Long-Term Real Estate Ownership in Charlottetown. Whether you are an Experienced Investor looking to Expand your Portfolio or Considering your First Multi-Unit Investment, this property is worth a closer look. (id:58753)Show Description
MLS® Number202625207
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1968
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatOil, Hot Water
A/C

Extras

Map

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