155 Cumberland Street, Charlottetown, Prince Edward Island, C1A5C3

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For sale, ID#: 202208651
155 Cumberland Street
Charlottetown Prince Edward Island
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0 Beds
0 Bath
$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:2471)

Representative
Calvin Mol
Calvin MolREALTOR®,
COLDWELL BANKER/PARKER REALTY - CHARLOTTETOWN
Property Details
  • Property Address: 155 Cumberland Street, Charlottetown, Prince Edward Island, C1A5C3
  • Community Name: Charlottetown
  • Property Type: Multi-family
  • Title: Freehold
  • Acreage: under 1/2 acre
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
  • Driveway: Parking Space(s), Parking Space(s)
  • Amenities Nearby: Golf Course, Park, Playground, Public Transit, Recreation, Shopping, Marina
Structure Details
  • Structure Style: Apartment
  • Building Age: 2003
  • Heating Type: Oil, In Floor Heating
  • Exterior Type: Vinyl
  • Flooring: Carpeted, Concrete, Laminate, Tile
  • Foundation Type: Poured Concrete
  • Appliances Included: Stove, Dryer, Washer, Refrigerator, Intercom
Amenities / Features
  • Balcony
  • School Bus
Neighbourhood Information

Listing Offices: RE/MAX CHARLOTTETOWN REALTY

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155 Cumberland Street, Charlottetown, Prince Edward Island, C1A5C3

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