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14 Sunset Drive
homes for sale · Kensington
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$3,900,900

14 Sunset Drive

Kensington · MLS® 202623488

Condo · Multi-family · built 2014 · 39 days on market

listed by Roger Wells, ROYAL LEPAGE COUNTRY ESTATES 1985 LTD

realtor's description

Outstanding 16-Unit Investment Opportunity ? Kensington, PEI A rare opportunity for investors and business owners to acquire a well-maintained, income-producing 16-unit property in wonderful Kensington, Prince Edward Island. Opportunities like this don?t come along often! This impressive investment consists of 16 spacious 2-bedroom units, made up of two 6-unit apartment buildings plus an adjacent 4-unit building. The property has been meticulously cared for by its original owner since day one and is only 12 years young. With a 2-year waiting list, demand for these units is exceptionally strong, providing an attractive opportunity for an investor looking for stable, long-term income. Property Highlights:16 total 2-bedroom units, Two 6-unit apartment buildings plus an adjacent 4-unit building, Only 12 years old, Extremely well maintained by the original owner, Approximately $250,000 per door or less ? an exceptional value 2-year waiting list demonstrating strong rental demand, Every unit has its own heat pump, Electric heat ? no oil, Very good soundproofing, Each unit includes a large 15' × 24' attached garage, Additional garage/storage space, Desirable location in Kensington, PEI, Strong potential for long-term income and future appreciation. This is an excellent opportunity to add a quality income-producing asset to your portfolio or build an outstanding retirement investment package. Well-maintained properties, strong tenant demand, individual heating systems and attached garages make this a very attractive investment opportunity. Opportunities of this size and quality are rare ? don?t miss your chance to take a closer look. Contact us today for additional information and financial details.

property details

type
Condo, Multi-family
parking
0
year built
2014
property tax
$23,974 / yr
days on market
39
MLS®
202623488

features

  • Washer
  • Dryer - Electric
  • Range - Electric
  • Oven

monthly cost

$18,994/mo
Mortgage $16,996 · Tax $1,998

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$16,996/ monthly
loan $3,120,720
25-year amortization
total interest
$1,978,034
cash to close
$780,180
down payment; transfer tax and fees not included
total paid
$5,098,754

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

KensingtonGoogle Maps ↗

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listed by
Roger Wells
ROYAL LEPAGE COUNTRY ESTATES 1985 LTD
call Roger · 902-888-9466
Powered by: REALTOR.ca

similar homes nearby

nothing comparable on the market right now.

location

KensingtonGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.