547 Main Street Montague, Prince Edward Island C0A 1R0
$688,688
Discover an incredible investment opportunity with this 8-unit apartment building located in 547 Main Street, Montague. Boasting six spacious 2-bedroom apartments and two generously sized 1-bedroom apartments. This property is perfectly designed for maximizing rental income and tenant satisfaction. An incredible fixed 5-term financing opportunity makes this investment even more appealing. Property features: steady cash flow. Enjoy the security of a fully rented building with excellent tenants. A prime location situated just two doors away from the Montague Post office and a mere 1-1/2 blocks from the beautiful waterfront. This property offers both convenience and scenic beauty for your tenants to enjoy. Upgraded interiors, numerous improvements have been made to the interior finishes of this building ensuring a modern and appealing living environment for your tenants to enjoy. These upgrades not only attract quality tenants, but also enhance the overall value of the property. This place is HST exempt providing additional cost savings and financial savings for savvy investors. Benefit from a fixed financing arrangement with $305,000 available at a below-prime rate of 4.4%. This financing is secured until November 30th, 2028 providing stability and peace of mind for your investment. Don't miss out on this outstanding investment opportunity in Montague's thriving and growing Real Estate market. With its strong rental history, prime location, and upgraded interiors this property is poised for long-term success. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a stable income stream, 547 Main Street Montague is an opportunity you don't want to pass up. To schedule a viewing or request more information call your Real Estate agent today! (id:54221)
Property Details
| MLS® Number | 202320589 |
| Property Type | Multi-family |
| Community Name | Montague |
| Amenities Near By | Park, Playground, Shopping |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | None |
| Basement Type | Full |
| Exterior Finish | Vinyl |
| Flooring Type | Other |
| Foundation Type | Poured Concrete |
| Heating Fuel | Oil |
| Heating Type | Baseboard Heaters, Furnace, Hot Water |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Shopping |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/26113133/547-main-street-montague-montague
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September 28 2023 05:11:39
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty, Exit Realty Pei