TURNKEY INVESTMENT OPPORTUNITY. Attention investors, this rare Seven-unit MULTIPLEX is ready for you right in the heart of Picton. This property is currently fully tenanted with great tenants and fair market rent. One unit will be available for new tenants. 47 King St is a charming property with lovely gardens and wrought iron details. This 3 story, 5000+ square foot building holds three spacious 2-bedroom units and four 1-bedroom units, with rentable detached garage and surface parking for 5 cars. All units have hardwood floors, and have seen updates. The property can be accessed from the front and the back to all apartments, hallways are clean and tidy and carpets have recently been replaced. Lots of upside potential to increase rents as tenants turn over. This property is walkable to downtown Picton's main street with tons of shopping, restaurants, parks, grocery and so much more. Financials and unit photos available upon request. Come see why investing in Prince Edward County is a great opportunity! (id:47423)
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Detailed Information
Bedrooms
9
Bathrooms
7
Lot
61.83 x 164.33 ft
Amenities Nearby
Beach, Hospital, Schools
Community Features
Community Centre
Features
Carpet Free
Listing Contract Date
2024-07-17
Location Description
King St between Bowery and Elizabeth
# of Parking Spaces
6
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R3
Building
Appliances
Water Heater
Basement Development
Unfinished
Basement Type
N/A (Unfinished)
Exterior Finish
Vinyl siding
Fireplace Present
Yes
Foundation Type
Block, Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
3
Type
Other
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
61.9 x 164.4 FT
Amenities
Beach, Hospital, Schools
Sewer
Sanitary sewer
Size of Irregular Land
61.9 x 164.4 FT
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