Bought with RE/MAX Eastern Edge Realty Ltd. - Bay Roberts
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Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,317 sqft
Price per Sqft $49
MLS Listing ID 1289219
Sold Date 11/06/25
Style 2 Storey,10+ Units
Year Built 1980
Annual Tax Amount $7,784
Tax Year 2025
Lot Dimensions 206 x 91 x 195 x 99.9'
Property Sub-Type Multi Family
Source NLAR
Property Description
This is a fantastic investment opportunity. Listed below recently completed professional appraised value. The owner is moving his investments in a different direction and is offering this well established and reliable revenue generating property to the next investor with a reasonable rate of investment. The present rental income is approx. $100,000 annually; the vacancy rate is near zero. Location is centrally located with easy access, large parking lot and close proximity to Carbonear's amenities. There are a total of 13 living units, 11- 2 bedroom units and 2 - 1 bedroom units. This property was professionally developed and has been well maintained. There is professionally installed fire alarm and sprinklered system in the building. This property is HST applicable.
Location
Province NL
Zoning Comm.
Interior
Heating Baseboard, Electric
Cooling Baseboard, Electric
Equipment None
Exterior
Exterior Feature Vinyl
Roof Type Torched-on
Building
Foundation Concrete, Full, Low, Undeveloped
Sewer Municipal
Water Municipal
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