This well-maintained 12-unit residential apartment building presents an exceptional turn-key investment opportunity in the highly sought-after community of East Royalty. Built 19 years ago, the property features a strong unit mix consisting of 11 two-bedroom suites (approximately 930 Sq/Ft each.) and one well designed one-bedroom suite. Appealing to a wide range of long-term tenants. Each suite is thoughtfully designed with its own personal balcony, offering tenants outdoor private space, and scenic surrounding views. The building provides key operational efficiencies and resident amenities. Including two sets of coin-operated laundry facilities that generate steady secondary income stream, as well as a large, fully parking lot with ample space for tenants and visitors. Situated in a prime, high demand location, the property offers unbeatable proximity to top-rated schools, retail shopping hubs, public parks, public transit routes. With its combination of strong historical occupancy, consistent rental yields, this asset represents a compelling addition to any Real Estate portfolio. (id:4069)
Address
11 Elena Court
List Price
$1,780,000
Property Type
Multi-family
Type of Dwelling
Apartment
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Charlottetown
Lot Size
0.7 Sq. Ft.
Year Built
2007
MLS® Number
202621148
Listing Brokerage
ROYAL LEPAGE PRINCE EDWARD REALTY
Basement Area
None
Postal Code
C1C0B2
Ownership
Freehold
Site Influences
Golf Course, Park, Public Transit, Shopping
Features
Balcony
Community Features
School Bus
Appliances
Oven - Electric, Stove, Dishwasher, Dryer - Electric, Washer, Refrigerator
Amenities
Cable TV, Laundry Facility
Heat Source
Oil
Heat Type
Baseboard heaters
Foundation Details
Concrete Slab, Unknown
Water Source
Municipal water
Sewer
Municipal sewage system
