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Century21 Northumberland Realty, 629 Water St., East, Summerside PE C1N 4H7 Phone: 902-436-2265
Prince Edward Island, Canada 11-Unit Multi-Family Residential Apartment Building for sale with ideal senior tenants and super energy efficient state of the art Geo-Thermal heating system. This ultra modern low maintenance one-level structure has everything a senior citizen would want in a building including a sense of community, a common room for local gatherings and special events, and a large storage room. This ideal building has never seen a vacancy since it was built for more then a few hours, and there is always a waiting list. Many of the tenants have been in the building since it was constructed in 1996 by a very well respected and quality builder. The structure is very high-quality and features a Geo-Thermal Heating system with two commercial heat pumps (recently rebuilt) and an oil-fired furnace (maintained yearly) for backup in extremely cold months (last year only $364 of fuel was used). Each unit is two bedrooms on one level with a single bay garage, back yard clothes line, washer, dryer, fridge, and stove. Units are very well maintained and there is virtually no differed maintenance. Many floors, sinks, bathroom taps, and more have been replaced recently. A complete management team is in place for snow removal, landscaping, grass cutting, and the very little maintenance the building requires. A professional property management company is also available for a completely turn key solution for the discriminating professional investor. There could be a potential for other real estate assets to be sold as a package with this property. PCDS and Income and Expense have been attached for your convenience. No showings until potential purchaser approves financials, and puts forth proof of financial capability to showing agent. The listing agent is a shareholder in the holding company that owns this building.
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it is estimated that your payment would be approximately $5,760.86 per month assuming a 5% downpayment of $60,000.00. In order to qualify for this mortgage you will need a monthly income (combined in the case of a couple) of $17,282.59, 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.