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55/63 Russell St, Summerside, PE

Name: 55/63 Russell St, For Sale in Summerside - eXp Realty
Brand: ROYAL LEPAGE PRINCE EDWARD REALTY
SKU: 202622661
Price: 3480000 CAD

Condo

For Sale

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MLS® 202622661

Property Details
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Description

Located at 55?63 Russell Street in Summerside, Prince Edward Island, this is a rare opportunity to acquire a quality multi-residential investment property consisting of two purpose-built 8-unit apartment buildings, for a total of 16 residential rental units. Built in 2020 by AFFLECK Construction, the property offers investors the advantage of relatively modern construction, a well-established layout, and the opportunity to own a stable income-producing multi-family asset with potentially lower near-term capital expenditure requirements than older apartment inventory. The property is currently fully tenant occupied and provides an established rental income stream, while offering a strong combination of newer construction, stable operations, and long-term income potential. Conveniently located in Summerside, the property is close to shopping, schools, employment, healthcare, public services, and other everyday amenities, helping support continued tenant demand and long-term rental appeal. This offering is well suited to experienced multi-residential investors, portfolio owners looking to expand their holdings, and qualified purchasers seeking a quality income-producing asset in Prince Edward Island. A detailed rent roll, operating statements, and supporting financial information are available to qualified purchasers upon request. In consideration of the existing tenants and to minimize disruption, property showings will be arranged for serious and financially qualified purchasers only, with a minimum of 48 hours? notice. For investors seeking a relatively modern, well-positioned, and fully occupied 16-unit multi-residential property in Summerside, this is an opportunity well worth consideration. (id:58753)Show Description

Key Facts

Type Apartment

Levels Residential Income

Size -

Days Active 1

MLS® Number 202622661

Utilities

HeatSpace Heater, Electric, Wall Mounted Heat Pump

A/CAir exchanger

Additional Information

Zoning Multi-Family

Siding Vinyl Siding

Sewage System Public Sewer

Price History

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$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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