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:4069)
Address
176 Cape Bear Road
List Price
$429,900
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Prince Edward Island
Sub-Area
Murray River
Lot Size
.88 Sq. Ft.
MLS® Number
202501131
Listing Brokerage
PROVINCIAL REALTY
Basement Area
Full (Unfinished)
Postal Code
C0A1W0
Site Influences
Park, Playground, Recreation, Marina
Features
Circular Driveway
