Capitalize on this turn-key investment property in downtown Summerside. Side-by-side duplex with 3 large bedrooms in both units and hardwood floors throughout. Both units include pocket doors separating the living room and dining room; and an unfinished attic space currently used as extra storage. Notable updates include: roof (2014), 4 heat pumps (2014; one for each floor in both units), kitchens (2014), washers and dryers (2015), hot water tanks (2014), sewer line to street (2017), and new PEX plumbing throughout (2014). Great investment opportunity in a perfect location! Rental income is $2436/month, including heat and lights (note: heat and lights capped at $300/month). One unit has just been renewed for another year (until July 2020) and other unit has just been rented (until July 2020). Costs for whole property are $1038/month: property taxes ($212/month; $2541/year), water/sewer ($98/month), insurance ($60/month), snow removal/lawn care (averages to $35/month), property manager (168/month), and heat and lights (averages to $225 and $240 using the $300 cap). You are left with $1398/month to cover the mortgage. Call today to book your private viewing! (id:30594)
Cable TV, Laundry Facility, Multi-Use Rooms
Stove, Dryer, Washer, Microwave Range Hood Combo, Refrigerator
Full (Partially finished)
Ceramic Tile, Hardwood
Type of Heating
Baseboard heaters, Wall Mounted Heat Pump
Park, Playground, Recreation, Shopping
Municipal sewage system
Listing Office: Re/Max Harbourside Realty
Data Provided by Prince Edward Island Real Estate Association
Last Modified: 2019-07-29 20:37:48
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629 Water St East, Summerside PE C1N4H8
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