For Sale - 47 King Street, Prince Edward County, Ontario

Est payment $5,943/mo
Views   1
Time on Jump  30 day
  • Tenanted seven-unit multiplex offers above 6% projected cap rate.
  • Includes three 2-bedroom and four 1-bedroom updated units.
  • Additional rental income potential from garage and parking spaces.
  • Secure building with easy access for all tenants.
  • Located near downtown Picton's shops, restaurants, and amenities.



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.
Listing IDX12515902
Address47 King Street
CityPrince Edward County, Ontario
Price$1,199,000
Bed / Bath9 / 7 Full
Style3-Storey, Multiplex
ConstructionVinyl Siding
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features Carpet Free, Water Heater OwnedOutdoor Features Year Round LivingAmenities Beach, Golf, Hospital, Library, Rec./Commun.Centre, SchoolOwnership FreeholdBasement UnfinishedFoundation Concrete Block, StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 6.00
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Listing Agency:  CENTURY 21 LANTHORN REAL ESTATE LTD.
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47 King Street
Prince Edward County , Ontario
9 7 $1,199,000
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