155 Cumberland Street Charlottetown, Prince Edward Island C1A 5C3
$1,935,000
A rare find in the Downtown Charlottetown core! 5.5% Investors cap rate and turn-key easy to manage (great tenants, rents and maintained building) 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 to be a total of 12 units. Apartment buildings like this only 19 years old, with concrete over pour on each floor for privacy in the heart of downtown don't come for sale often! Call for your personal viewing and for the financials and updates today. 48-hour notice to view and proof of ability to obtain financing is required. All measurements are approximate and should be verified, if deemed important. Sold as is where is. (id:43163)
Property Details
| MLS® Number | 202208651 |
| Property Type | Multi-family |
| Community Name | Charlottetown |
| Amenities Near By | Golf Course, Park, Playground, Public Transit, Recreation, Shopping, Marina |
| Community Features | School Bus |
| Equipment Type | None |
| Features | Balcony |
| Rental Equipment Type | None |
| Storage Type | Locker, Storage |
Building
| Amenities | Laundry Facility |
| Appliances | Stove, Dryer, Washer, Refrigerator, Intercom |
| Constructed Date | 2003 |
| Exterior Finish | Vinyl |
| Flooring Type | Carpeted, Concrete, Laminate, Tile |
| Foundation Type | Poured Concrete |
| Heating Fuel | Oil |
| Heating Type | In Floor Heating |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) | |
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Golf Course, Park, Playground, Public Transit, Recreation, Shopping, Marina |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/24339195/155-cumberland-street-charlottetown-charlottetown
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April 30 2022 03:51:35
Prince Edward Island Real Estate Association
RE/MAX Charlottetown Realty