This is a fantastic investment opportunity. Listed below recently completed professional appraised value. The owner is moving his investments in a different direction and is offering this well established and reliable revenue generating property to the next investor with a reasonable rate of investment. The present rental income is approx. $100,000 annually, the vacancy rate is near zero and at the present time the unit is 100% occupied. Location is centrally located with easy access, large parking lot and close proximity to Carbonear's amenities. There are a total of 13 living units, 11- 2 bedroom units and 2 - 1 bedroom units. This property was professionally developed and has been well maintained. There is professionally installed fire alarm and sprinklered system in the building. This property is HST applicable. (id:47421)
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Detailed Information
Equipment
None
Listing Contract Date
2025-03-12
Ownership Type
Freehold
Property Type
Single Family
Rental Equipment
None
Transaction Type
For sale
Zoning Description
Comm.
Building
Appliances
Alarm System, Refrigerator, Stove, Washer, Dryer
Architectural Style
2 Level
Constructed Date
1980
Exterior Finish
Vinyl siding
Flooring Type
Other
Foundation Type
Concrete
Heating Fuel
Electric
Heating Type
Baseboard heaters
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
206 x 91 x 195 x 99.9' | under 1/2 acre
Sewer
Municipal sewage system
Size of Irregular Land
206 x 91 x 195 x 99.9'
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