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$ 889,000
Est. payment /mo
Active
16-20 School Street Montague, C0A1R0
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Subdivision Montague
MLS® Listing ID 202521561
Acres 5.509642E-6
Property Sub-Type Condo
Source Prince Edward Island Real Estate Association
Property Description
Welcome investors, to the Tudor Hall, one of the iconic century buildings in Montague, PEI. Featuring 8-1 Bedrooms and 2-2 Bedrooms, the Tudor Hall is a 10-Unit residential apartment building located beside Montague Intermediate School and minutes of walking to post office, banks, supermarkets, restaurants and amenities. With many stable and long term tenants, the property provide the buyer with positive cash flow since day one. With a 9.9% gross return and over 7% ROI if managed by the buyer, the Tudor hall has yet more to offer. Buyer has the option to expend and convert the vacant lobby space, the vacant theater, and the unfinished basement into useful and cash flowing units on top of what is already cash flowing. New coin-operated washer and oil boiler in 2025. Building is to be sold as is and one of the listing agents is the owner. Measurements are approximate and is to be verified by the buyer. (id:24570)
Location
Zoning Multi-Family
Rooms
Kitchen 0.0
Interior
Heating Hot Water, Radiator,
Flooring Carpeted, Laminate
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://www.youtube.com/embed/IyPpMaM_QJs?si=1jbviGEFCvpsPRGX
Listed by ROYAL LEPAGE PRINCE EDWARD REALTY
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