50
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$399,000
Est. payment /mo
Active
176 Cape Bear Road Murray River, C0A1W0
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Murray River
MLS® Listing ID 202501131
Acres 2.020202E-5
Property Sub-Type Freehold
Source Prince Edward Island Real Estate Association
Property Description
Well built, well maintained and extensively renovated, this solid duplex offers low maintenance and a high return on your investment. Offering potential for a 9% Cap Rate this property is worth exploring. Situated on a beautiful big lot with a circular driveway in the heart of Murray River, this property offers two separate homes, each offering 3 bedrooms and one full bath. Previous tenants paid $1,812.34 for the 2nd floor unit and $2,000.00 for the main floor. Tenants pay their own utilities. Building is currently vacant allowing new owners to choose their own Tenants and secure market rents with this strong rental history. Many renovations have taken place over the past few years, including new metal roof in December 2024, Heat Pumps, Radiator & Convect Air Heaters installed, upgraded Electrical including separate panels for each unit and sub panel, 2 new 60 gallon Hot Water Tanks, all new recessed lighting and both units freshly painted. This property is ready to go and checks all the boxes for a smart investment. (id:24570)
Location
Zoning Multi-Family
Rooms
Kitchen 0.0
Interior
Heating Wall Mounted Heat Pump,
Flooring Laminate
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Sewer Septic System
Others
Ownership Freehold
Listed by PROVINCIAL REALTY