SEARCH FOR HOMES & PROPERTIES ON PEI

Search by Price, Area, Type of Property or Listing Realtor




Century21 Northumberland Realty, 629 Water St., East, Summerside PE C1N 4H7 Phone: 902-436-2265

500 Read Dr , Summerside C1N5A9

$979,000

Summerside Motel and Cottages has 24 motel units, 4 charming cottages, 3-way hookups for RV's, fully equipped restaurant, 3 bdrm 3 bathroom apartment, all on 4.3 acres. The property is a year round business entering the City of Summerside. A full package of information is available at LBO. Owners are retiring. Call for full package. Lots of opportunity. Financials on file for qualifies customers.


Property Information:

Listing ID#: 201621992
Type: Motel
Zoning:
# Floors:
Construction:
Heating:
Roofing:
Fire Protection:
Parking: Paved
Land: acre(s)4.3
Area: (sq. ft.)
Taxes: 10038
Age:
Gross Revenue:
Total Expenses:
Net Income:

Mortgage & Credit Information

it is estimated that your payment would be approximately $4,699.90 per month assuming a 5% downpayment of $48,950.00. In order to qualify for this mortgage you will need a monthly income (combined in the case of a couple) of $14,099.71, assuming that you have no other debts to service and that there are no other costs of ownership such as condo fees etc.

This Centum discounted APR is that offered to strong borrowers with good credit, as well as qualifying income and/or additional assets, on conventional real property that meets lending requirements. This data is for informational purposes only and should not be relied upon without verification by contacting your CENTUM Mortgage Consultant.

The above discounted rate is not an offer or a rate commitment. APR assumes no fee(s) apply. Should fee(s) apply the APR would increase.


CENTURY21 NORTHUMBERLAND REALTY

629 Water St E., Summerside PEI C1N 4H8     |    Phone: (902) 436-2265