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$ 49,900
Est. payment /mo
Active
11 Point Road Virgin Arm, NL A0G1P0
1 Bed
1 Bath
770 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 770
Square Footage 770 sqft
Price per Sqft $64
MLS® Listing ID 1293288
Bedrooms 1
Year Built 1970
Property Sub-Type Freehold
Property Description
Prime Investment Alert! Immediate Cash Flow Opportunity! This is your chance to acquire a turnkey rental property and enter the real estate investment market with confidence! Located in a desirable area, this property is poised to deliver outstanding returns from day one. Key Investment Highlights: Instant Income: The property includes a long-standing, reliable tenant who wishes to remain, ensuring immediate, uninterrupted rental income and returning capital from the moment of closing. Expansion Potential: Don't just settle for one unit! A dedicated (approximately 300 downstairs with potential on the second floor) storage area is situated beside the existing apartment. This space was originally slated for conversion into a second rental unit (e.g., a studio or 1-bedroom suite). This offers a clear path to significantly boosting your ROI through future value-add development (subject to municipal approvals). Hassle-Free Transition: Benefit from an established tenancy, eliminating the time and expense of marketing, screening, and initial leasing. Don't miss out on this exceptional chance to secure a cash-flowing asset with built-in potential for future revenue growth. (id:24570)
Location
Province NL
Rooms
Kitchen 1.0
Extra Room 1 Main level 5 x 11 ft Foyer
Extra Room 2 Main level 8.5 x 17.6 ft Family room
Extra Room 3 Main level 10 x 7 ft Kitchen
Extra Room 4 Main level 3 x 12 ft Bath (# pieces 1-6)
Extra Room 5 Main level 6 x 10 ft Bedroom
Interior
Flooring Carpeted, Laminate
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Attached Garage No
Garage No
Private Pool No
Building
Story 1
Sewer Septic tank
Others
Ownership Freehold
Listed by Outport Realty Inc. - Grand Falls-Windsor