98 KENT Street, Charlottetown, Prince Edward Island, C1A1M9
Property TypeRetail Built in1901
Building Area4881
Description

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
Business TypeResidential Business Sub TypeResidential
Details
Amenities NearbyShopping Community FeaturesBus Route
TransactionFor sale
Building
AppliancesDryer - Electric Constructed Date1901
Construction MaterialWood frame FlooringWood, Other
Size Interior4881.0000 Total Finished Area4881 sqft
Utility WaterMunicipal water
Land
AmenitiesShopping
Map
Street View

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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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