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$389,900
Est. payment /mo
6 Beds
2 Baths
2,673 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2673
Square Footage 2,673 sqft
Price per Sqft $145
MLS® Listing ID 1302032
Style 2 Level
Bedrooms 6
Year Built 2010
Property Sub-Type Condo
Property Description
An excellent opportunity to acquire a fully occupied two-apartment property within walking distance of Memorial University. Offering six bedrooms in total, the property contains two spacious three-bedroom, one-bathroom units, each with its own laundry. The units are currently leased for $1,700 and $1,750 per month, POU, with gross rental income of $3,450 per month or $41,400 annually. With both units already occupied, a purchaser can benefit from established rental income immediately upon closing. The building was substantially rebuilt in 2010 and has been maintained and remains in good overall condition. Its central location near MUN, public transit, shopping and everyday amenities should support continued rental demand. Situated on a corner lot, the property also offers access to the rear yard from the adjoining side street. The site may provide opportunities to add additional parking, construct a garage or explore additional residential development in the rear yard, subject to City of St. John's approval and all applicable municipal requirements. A compelling option for investors seeking a centrally located, income-producing property with two substantial rental units and potential for future site improvements. No conveyance of offers until September 6th at 5:00 PM per attached Seller's Direction. (id:24570)
Location
Province NL
Rooms
Kitchen 2.0
Extra Room 1 Second level 3 Piece Bath (# pieces 1-6)
Extra Room 2 Second level 7x11 Bedroom
Extra Room 3 Second level 10x9.6 Bedroom
Extra Room 4 Second level 12x10.6 Bedroom
Extra Room 5 Second level 13x13 Living room
Extra Room 6 Second level 13x9 Kitchen
Interior
Heating Baseboard heaters
Flooring Laminate, Other
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Architectural Style 2 Level
Others
Ownership Freehold
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Listed by RE/MAX Infinity Realty Inc.
Nearby Locations
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