$59,900 11 Point Road
Virgin Arm, Newfoundland & Labrador
Details
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:2887)
Property Specifics:
- MLS® Number 1293288
- Price $59,900
- Location Virgin Arm, Newfoundland & Labrador
- Building Type Single Family
- Floor Space 770
- Storeys 1
- Bedrooms 1
- Bathrooms (Full) 1
- Bathrooms (Partial) 0
- Flooring Laminate,Carpeted
- Heating Electric
- Sewer Septic tank
- Garage No
Listing Agent
This listing provided by:
Outport Realty Inc. - Grand Falls-Windsor
Phone:(709) 893-2160
Agent: Glenn Gallant
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association
