11 Point Road, Virgin Arm, Newfoundland & Labrador A0G 1P0
$49,900
- 1 bedroom
- 1 bathroom
- 770 Square Feet
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 ... read more
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:39198)
- Listing ID: 1293288
- Property Type: Single Family
- Year Built: 1970
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 3600 Sq Ft (Under 1/2 Acre) |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Stove and Refrigerator |
| HVAC: | Fireplace Electric |
| Exterior: | Vinyl Siding |
| Utilities: | Septic Tank |
| Location | |
|---|---|
| Town: | Virgin Arm |
| Province: | Newfoundland & Labrador |
| Rooms | Level | Dimensions |
|---|---|---|
| Foyer | Main level | 11 ft x 5 |
| Family room | Main level | 17.6 ft x 8.5 |
| Kitchen | Main level | 7 ft x 10 |
| Bath (# pieces 1-6) | Main level | 12 ft x 3 |
| Bedroom | Main level | 10 ft x 6 |
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This property has so much to offer. Book a private showing now, as you do not want to miss out on 11 Point Road in Virgin Arm, Newfoundland & Labrador!
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