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Listed by Keller Williams Platinum Realty - Gander
$399,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1295341
Style Townhouse,2 Storey
Year Built 1960
Annual Tax Amount $4,751
Tax Year 2026
Property Sub-Type Multi Family
Source NLAR
Property Description
5-Plex in Lewisporte — Solid Investor Opportunity
This centrally located 5-plex in Lewisporte sits in a welcoming community with easy access to recreational facilities, ball fields, basketball courts, playgrounds, and schools, ensuring residents enjoy convenience and a family-friendly lifestyle. All units are currently rented, providing immediate cash flow for investors. The property features four 3-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit. The layout offers a versatile mix to attract a range of tenants, from families to professionals, while the strong rental demand in this area supports sustained occupancy. Its proximity to schools, parks, and community amenities enhances appeal, and Lewisporte's growth prospects add potential for future appreciation. This turnkey opportunity delivers reliable income with room for upside through prudent management, potential renovations, and strategic lease-up in a market known for stable yields and a tight housing supply.
This centrally located 5-plex in Lewisporte sits in a welcoming community with easy access to recreational facilities, ball fields, basketball courts, playgrounds, and schools, ensuring residents enjoy convenience and a family-friendly lifestyle. All units are currently rented, providing immediate cash flow for investors. The property features four 3-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit. The layout offers a versatile mix to attract a range of tenants, from families to professionals, while the strong rental demand in this area supports sustained occupancy. Its proximity to schools, parks, and community amenities enhances appeal, and Lewisporte's growth prospects add potential for future appreciation. This turnkey opportunity delivers reliable income with room for upside through prudent management, potential renovations, and strategic lease-up in a market known for stable yields and a tight housing supply.
Location
Province NL
Zoning RES
Interior
Heating Baseboard, Electric
Cooling Baseboard, Electric
Building
Sewer Municipal
Water Municipal
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