11 Point Road
Virgin Arm, NL, A0G1P0
Listed by Outport Realty Inc. - Grand Falls-Windsor
$49,900
- 1 bedrooms
- 1 bathrooms
- 770 sq ft
Listed 310 days ago · MLS® 1293288
About this home
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:66966)
Details
- Type
- Detached
- Size
- 770 sq ft
- Property tax
- $240
- Municipality
- Virgin Arm
Interior
- Bedrooms
- 1 above ground
- Fireplace
- No
- Appliances
- Refrigerator, Stove
- Flooring
- Laminate, Carpeted
Heating, cooling and services
- Heating
- Electric
- Water and sewer
- Septic tank
Building and exterior
- Year built
- 1970
- Roof
- Asphalt shingle
- Foundation
- Concrete Slab
- Outdoor
- Vinyl siding
Rooms
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main level | 5 x 11 ft | |
| Family room | Main level | 8.5 x 17.6 ft | |
| Kitchen | Main level | 10 x 7 ft | |
| Bath (# pieces 1-6) | Main level | 3 x 12 ft | |
| Bedroom | Main level | 6 x 10 ft |
Location
Location is approximate. See nearby homes on the map
Listed by Outport Realty Inc. - Grand Falls-Windsor.
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