REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 525,000
Est. payment | /mo
20 Beds
10 Baths
7,100 SqFt
$ 525,000
Est. payment | /mo
20 Beds
10 Baths
7,100 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 7,100 sqft
Price per Sqft $73
MLS® Listing ID 1285236
Bedrooms 20
Year Built 1980
Property Sub-Type Freehold
Source Newfoundland & Labrador Association of REALTORS®
Property Description
This exceptional investment opportunity consists of two buildings with a total of 10 rental units. Each building contains 5 self-contained, occupied rentals, making it a lucrative proposition for potential investors. Here's a detailed breakdown of the property, 9 units are designed with 3 bedrooms and 1 bath, offering ample space for families or groups. 1 unit features 2 bedrooms and 1 bath, catering to smaller households or individuals seeking a cozy living space. Each unit is equipped with washer/dryer hookups, adding convenience for tenants and making the property more attractive in the rental market. All units have separate meters, ensuring precise utility billing and simplifying management for property owners. The property is fully occupied, offering immediate rental income from day one. Tenants pay their utilities (POU), providing clear and manageable operational costs for investors, enhancing the property's financial appeal. This property is ideal for investors looking to expand their portfolio with a stable and income-generating asset. With its combination of location, occupancy, and amenities, it promises long-term value appreciation and steady cash flow. Don't miss out on this rare opportunity to invest in a high-demand rental market. Please contact Realtor for a Detailed Property Overview. (id:24570)
Location
Province NL
Rooms
Kitchen 0.0
Extra Room 1 Other 1600 ft x Measurements not available Other
Interior
Heating Baseboard heaters,
Flooring Mixed Flooring
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Keller Williams Platinum Realty - Grand Falls
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "