Property Description for 16-20 School Street
Welcome investors, to the Tudor Hall, one of the iconic century buildings in Montague, PEI. Featuring 8-1 Bedrooms and 2-2 Bedrooms, the Tudor Hall is a 10-Unit residential apartment building located beside Montague Intermediate School and minutes of walking to post office, banks, supermarkets, restaurants and amenities. With many stable and long term tenants, the property provide the buyer with positive cash flow since day one. With a 9.9% gross return and over 7% ROI if managed by the buyer, the Tudor hall has yet more to offer. Buyer has the option to expend and convert the vacant lobby space, the vacant theater, and the unfinished basement into useful and cash flowing units on top of what is already cash flowing. New coin-operated washer and oil boiler in 2025. Building is to be sold as is and one of the listing agents is the owner. Measurements are approximate and is to be verified by the buyer. (id:38686)
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Property Details
Property Tax
: N/AMLS® #
: 202521561
Home Features
Property Type
: MultiFamily
Interior Features
Heating
: Oil, Radiator, Hot WaterBasement
: Unfinished, FullFlooring
: Laminate, Carpeted
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: Parking Space(s), Parking Space(s), GravelExterior Features
: Wood shingles
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