47 KING STREET, Prince Edward County (Picton Ward), Ontario, K0K2T0

Property Description

BEING SOLD AS A POWER OF SALE: Projected cap rate ABOVE 6%. Rare opportunity to own a tenanted, seven-unit multiplex in Prince Edward County. Located at 47 King Street, this 5,000+ sq ft property features three 2-bedroom units and four 1-bedroom units, all with hardwood floors and updated interiors. Bonus income potential with a rentable detached garage and five private surface parking spaces. The building is secure, with dual front and rear access to all units. Tenants are stable and rents are at fair market rates. Set on a charming lot with mature gardens and wrought iron details, this property is just a short walk to downtown Picton's shops, restaurants, trails, and amenities. Projected financials are available upon request. A solid addition to any investment portfolio in a fast-growing area. (id:64974)

Quick Facts

• Property Type: Other
• Bedrooms: 9 (9 above)
• Bathrooms: 7
• Fireplaces: Yes
• Parking: 6 spaces (Detached Garage, Garage)
• Frontage: 61 ft (18.6 m)

Costs

• Annual Taxes: $6,204.45

Listing Provided by: CENTURY 21 LANTHORN REAL ESTATE LTD.
Board: Central Lakes Association of REALTORS®
Data provided via CREA DDF®.