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$ 1,199,000
Est. payment /mo
New
47 KING STREET Prince Edward County (picton Ward), ON K0K2T0
9 Beds
7 Baths
3,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $342
Subdivision Picton Ward
MLS® Listing ID X12515902
Bedrooms 9
Source Central Lakes Association of REALTORS®
Property Description
BEING SOLD AS A POWER OF SALE: Projected cap rate ABOVE 6%. Rare opportunity to own a tenanted, seven-unit multiplex in Prince Edward County. Located at 47 King Street, this 5,000+ sq ft property features three 2-bedroom units and four 1-bedroom units, all with hardwood floors and updated interiors. Bonus income potential with a rentable detached garage and five private surface parking spaces. The building is secure, with dual front and rear access to all units. Tenants are stable and rents are at fair market rates. Set on a charming lot with mature gardens and wrought iron details, this property is just a short walk to downtown Picton's shops, restaurants, trails, and amenities. Projected financials are available upon request. A solid addition to any investment portfolio in a fast-growing area. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling None
Exterior
Parking Features Yes
Community Features Community Centre
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by CENTURY 21 LANTHORN REAL ESTATE LTD.