16-20 School Street, Montague, C0A1R0

Home Overview

Description

Welcome investors, to the Tudor Hall, one of the iconic century buildings in Montague, PEI. Featuring 8-1 Bedrooms and 2-2 Bedrooms, the Tudor Hall is a 10-Unit residential apartment building located beside Montague Intermediate School and minutes of walking to post office, banks, supermarkets, restaurants and amenities. With many stable and long term tenants, the property provide the buyer with positive cash flow since day one. With a 9.9% gross return and over 7% ROI if managed by the buyer, the Tudor hall has yet more to offer. Buyer has the option to expend and convert the vacant lobby space, the vacant theater, and the unfinished basement into useful and cash flowing units on top of what is already cash flowing. New coin-operated washer and oil boiler in 2025. Building is to be sold as is and one of the listing agents is the owner. Measurements are approximate and is to be verified by the buyer. (id:39198)

77 days

On Market

Multi-family

Property Type

$6,363 / Year

Est. Taxes

Apartment

Style

-

Garage

Unfinished, Full

Basement