$ 1,200,000

18 Lady Slipper, Miscouche, PE, C0B 1T0

Listing ID# 201707385
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$ 1,200,000

  • 18 Lady Slipper
    Miscouche, PE C0B 1T0
  • Listing ID 201707385
  • Building Type: 9-12 Units
  • Land Size: 1.14 acres
  • Status: For Sale/Active
  • Days on Market: 284
  • Age of Building: 1996
  • Basements: None
  • Drive: Paved
  • Heating: Heat Pump -Ductless,Hot Water

Property Description

Prince Edward Island, Canada 11-Unit Multi-Family Residential Apartment Building for sale with ideal senior tenants and super energy efficient state of the art Geo-Thermal heating system. This ultra modern low maintenance one-level structure has everything a senior citizen would want in a building including a sense of community, a common room for local gatherings and special events, and a large storage room. This ideal building has never seen a vacancy since it was built for more then a few hours, and there is always a waiting list. Many of the tenants have been in the building since it was constructed in 1996 by a very well respected and quality builder. The structure is very high-quality and features a Geo-Thermal Heating system with two commercial heat pumps (recently rebuilt) and an oil-fired furnace (maintained yearly) for backup in extremely cold months (last year only $364 of fuel was used). Each unit is two bedrooms on one level with a single bay garage, back yard clothes line, washer, dryer, fridge, and stove. Units are very well maintained and there is virtually no differed maintenance. Many floors, sinks, bathroom taps, and more have been replaced recently. Rents are below market, and there is substantial upside to increasing rental income, as well as potential expansion possibilities. A complete management team is in place for snow removal, landscaping, grass cutting, and the very little maintenance the building requires. A professional property management company is also available for a completely turn key solution for the discriminating professional investor. There could be a potential for other real estate assets to be sold as a package with this property. A formal AACI commercial appraisal, PCDS, and Income and Expense have been attached for your convenience. No showings until potential purchaser approves financials, and puts forth proof of financial capability to showing agent. The listing agent is a shareholder in the holding company


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