Investment opportunity. This 14-unit apartment building generates approximately $120,000 per year gross income with operating expenses of approx. $19,000 this a great investment property with a very positive cash flow. The property is usually fully occupied. The owner only in the past 2 years installed metal roofing over the entire building. Located in the heart of Victoria close to school and in a good area. This property is presently financed with a financial institution, and the list price is less than a recently completed professional appraisal of the subject property. This is a great opportunity for an investment property and sale is HST applicable. (id:4069)
Address
346 Highway East
List Price
$799,999
Property Type
Single Family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
Newfoundland & Labrador
Sub-Area
Victoria
Floor Area
6,603 Sq. Ft.
Lot Size
99 x 245 x 108 x 241' Sq. Ft.
Year Built
1960
MLS® Number
1293025
Listing Brokerage
RE/MAX Eastern Edge Realty Ltd. - Bay Roberts
Postal Code
A0A3B0
Zoning
Comm.
