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 couple of 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
Other
Type of Dwelling
Other
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
1295264
Listing Brokerage
RE/MAX Eastern Edge Realty Ltd. - Bay Roberts
Postal Code
A0A3B0
Zoning
Comm.
