|Property TypeRetail||Built in1901|
Prime downtown multi-story structure, mixed use commercial/multi-family residential property, in the heart of downtown historic Charlottetown. Property occupancy: approximately 1,340 sq. ft. of commercial rental space within (2) units, (3) 1 bedroom and (1) 2 bedroom residential units. Lot size 45'6 x 59'6, 0.056 acre, 2,707 sq. ft. Full occupancy with rental income of $62,449/year. Rental increases in 2017 of 1.5% residential and 2.3% commercial to be implemented; annual rent will be $63,455.64 (Est). Expenses approximately $23,500/year include Insurance, Water/Sewer, PEI Energy Corp & Taxes. In 2015 renovations on property included new back roof, back roof deck, furnace, appliances; approximately $33,000 in renovations. No PCDS, property being sold 'as is where is'.
|Business TypeResidential||Business Sub TypeResidential|
|Amenities NearbyShopping||Community FeaturesBus Route|
|AppliancesDryer - Electric||Constructed Date1901|
|Construction MaterialWood frame||FlooringWood, Other|
|Size Interior4881.0000||Total Finished Area4881 sqft|
|Utility WaterMunicipal water|
Listing Office: EXIT REALTY PEI
Data Provided by Prince Edward Island Real Estate Association
Last Modified :18/04/2017 08:39:14 PM
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