176 Cape Bear Road Murray River, Prince Edward Island C0A 1W0
$429,900
Well built, well maintained and extensively renovated, this solid duplex offers low maintenance and a high return on your investment. Offering potential for a 9% Cap Rate this property is worth exploring. Situated on a beautiful big lot with a circular driveway in the heart of Murray River, this property offers two separate homes, each offering 3 bedrooms and one full bath. Previous tenants paid $1,812.34 for the 2nd floor unit and $2,000.00 for the main floor. Tenants pay their own utilities. Building is currently vacant allowing new owners to choose their own Tenants and secure market rents with this strong rental history. Many renovations have taken place over the past few years, including new metal roof in December 2024, Heat Pumps, Radiator & Convect Air Heaters installed, upgraded Electrical including separate panels for each unit and sub panel, 2 new 60 gallon Hot Water Tanks, all new recessed lighting and both units freshly painted. This property is ready to go and checks all the boxes for a smart investment. (id:56815)
Property Details
| MLS® Number | 202501131 |
| Property Type | Multi-family |
| Community Name | Murray River |
| Amenities Near By | Park, Playground, Recreation, Marina |
| Equipment Type | None |
| Features | Circular Driveway |
| Rental Equipment Type | None |
Building
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Exterior Finish | Wood Shingles |
| Flooring Type | Laminate |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Heating Type | Wall Mounted Heat Pump |
| Stories Total | 2 |
| Type | Duplex |
| Utility Water | Drilled Well |
Parking
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Recreation, Marina |
| Sewer | Septic System |
| Size Irregular | .88 |
| Size Total | 0.8800|1/2 - 1 Acre |
| Size Total Text | 0.8800|1/2 - 1 Acre |
| Zoning Type | Multi-family |
https://www.realtor.ca/real-estate/27815380/176-cape-bear-road-murray-river-murray-river
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January 17 2025 09:39:12
Prince Edward Island Real Estate Association
Provincial Realty