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Multifamily

For Sale

$1,935,000 10 unit Apartment Building- Downtown Charlottetown

155 Cumberland St

Downtown Charlottetown (Charlottetown, Prince Edward Island, CA - c1a5c3)

Location.. Location...Location!

Estimated Mortgage$10,088/month

Location... Location...Location! Good Cap Rate of 5.5% and fantastic shape only 19yr building with great rents and tenants. A rare find in the Downtown Charlottetown core! Welcome to 155 Cumberland St, a 10-Unit apartment building tucked away on a private mature lot offering ample paved parking for all tenants. Walk to Holland College (a block away), the waterfront harbour front, and all downtown shops, restaurants and businesses . Well maintained and managed building with excellent clean tenants and always fully rented. The apartment building offers spacious 5x - 2 bedroom apartments and 5x -1 bedroom apartments. The top floor "Penthouse Suite" is approx. 1,500 sq. ft with 2 bedrooms & 2 baths + laundry room, nice patio deck and mudroom entry. The buildings exterior is hardy plank with asphalt roof and many updates in the units over the few years . The building offers a coin operated laundry room, multiple large storage units in the lower level of the building for additional income. There is also great income potential to develop 2 additional micro suite apartments in the lower level of the building. Apartment buildings like this only 19 yrs old, with concrete over pour on each floor in the heart of downtown don't come for sale often! To view and for the financials and updates contact the Listing Agent directly. A 24-hour notice to view.

Contact Re/Max Listing Agent: Jessica Flemming 902-629-0030 or jflemming@pei4sale.com
Information is deemed to be correct but not guaranteed.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.
Remax Charlottetown
Wendy & Jessica Flemming
Wendy & Jessica Flemming

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