11 Point Road, Virgin Arm, Newfoundland & Labrador

About 11 Point Road

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:6289)

More Info on this House MLS® listing

11 Point Road is a house listing for sale in Virgin Arm. The MLS® number is 1293288. It was built in 1970, features 1 bedroom, 1 bathroom and covers 770 square feet. It's currently listed for $49,900. For more details on MLS® 1293288, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This house listing in Virgin Arm is available now!

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