47 KING STREET, Prince Edward County (Picton Ward), Ontario, K0K 2T0

$1,199,000

MLS® # X12515902

Investment For Sale In Prince Edward County (Picton Ward), Ontario

$1,199,000

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Exterior Finish: Vinyl siding
  • Fireplace: Yes
  • Floor Space: 3500 - 5000 sqft
  • Foundation Type: Block, Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 9
  • Bathrooms: 7
  • Amenities Nearby: Golf Nearby, Hospital, Schools
  • Community Features: Community Centre
  • Features: Carpet Free
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 164.3 Feet
  • Lot Frontage: 61.8 Feet
  • Lot Size: 61.9 x 164.4 FT
  • Utility Type: Hydro - Installed, Cable - Installed, Sewer - Installed
  • Zoning: R3
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 6

Courtesy of: CENTURY 21 LANTHORN REAL ESTATE LTD.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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