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Listed by Keller Williams Platinum Realty - Gander
$325,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1295340
Style Detached,Bungalow
Year Built 1960
Annual Tax Amount $3,592
Tax Year 2026
Property Sub-Type Multi Family
Source NLAR
Property Description
Multi-Unit Fourplex in Lewisporte — Great Investor Opportunity
This centrally located fourplex in Lewisporte sits in a friendly community with short distances to recreational facilities, ball fields, basketball courts, playgrounds, and schools, offering residents convenient access to essential amenities. All units are currently rented, providing immediate cash flow for investors. The property comprises two 3-bedroom, 1-bath units and two 1-bedroom +1 room, 1-bath units, each with its own 125-amp service panel upgrades recently completed, ensuring modern electrical standards and reliability. Investors will appreciate the solid rental demand in this area, plus the potential for upkeep savings and long-term value growth. The layout supports a mix of tenants, and the proximity to schools and recreational options can help maintain occupancy and drive steady income. In addition to the strong current rental performance, Lewisporte's tight housing market and community-oriented lifestyle present opportunities for future appreciation as demand for well-maintained, centrally located rental properties continues to grow. This turnkey opportunity offers immediate income with room for future upside through strategic property management and potential improvements.
This centrally located fourplex in Lewisporte sits in a friendly community with short distances to recreational facilities, ball fields, basketball courts, playgrounds, and schools, offering residents convenient access to essential amenities. All units are currently rented, providing immediate cash flow for investors. The property comprises two 3-bedroom, 1-bath units and two 1-bedroom +1 room, 1-bath units, each with its own 125-amp service panel upgrades recently completed, ensuring modern electrical standards and reliability. Investors will appreciate the solid rental demand in this area, plus the potential for upkeep savings and long-term value growth. The layout supports a mix of tenants, and the proximity to schools and recreational options can help maintain occupancy and drive steady income. In addition to the strong current rental performance, Lewisporte's tight housing market and community-oriented lifestyle present opportunities for future appreciation as demand for well-maintained, centrally located rental properties continues to grow. This turnkey opportunity offers immediate income with room for future upside through strategic property management and potential improvements.
Location
Province NL
Zoning RES
Interior
Heating Baseboard, Electric
Cooling Baseboard, Electric
Building
Sewer Municipal
Water Municipal
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