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Listed by Keller Williams Platinum Realty - Grand Falls
$525,000
Est. payment /mo
20 Beds
10 Baths
7,100 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,100 sqft
Price per Sqft $73
MLS Listing ID 1285236
Style Multi Level,10+ Units
Bedrooms 20
Full Baths 10
Year Built 1980
Annual Tax Amount $2,924
Lot Dimensions 233 X 157
Property Sub-Type Other
Source NLAR
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.
Location
Province NL
Zoning RES
Interior
Heating Baseboard, Electric
Cooling Baseboard, Electric
Inclusions Washer, Dryer, Fridge Stove,
Exterior
Exterior Feature Clapboard, Vinyl
Parking Features None
Roof Type Shingle - Asphalt
Building
Foundation Concrete
Sewer Municipal
Water Municipal
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