Space
Finished area and layout
- Living Area
- 770 sqft
- Bedrooms
- 1
- Bathrooms
- 1
1
Bedrooms
1
Bathrooms
770 sqft
Living Area
3600 sq ft
Lot
1970
Year Built
Property Snapshot
Key details for this listing
MLS #1293288
Property
Type, style and structure
- Type
- residential
- Style
- single family / Detached
- Ownership
- Freehold
- Stories
About This Property
This 1-bedroom, 1-bathroom single family in Virgin Arm offers 770 sqft of living area on a 3600 sq ft lot. Built in 1970, 1 storey. The home features laminate and carpeted flooring, electric heating.
MLS Remarks
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:60351)
Full Listing Details
Address11 Point Road
MLS#1293288
Listing StatusActive
Property TypeResidential
Sub-TypeSingle family
TransactionSale
Days on Market314
Common InterestFreehold
Annual Tax$240
Structure TypeHouse
AttachedDetached
StyleDetached
Year Built1970
Bedrooms1
Bathrooms1
Bedrooms Above Grade1
Bedrooms Below Grade0
Living Area770 sqft
Kitchens1
Stories1
CityVirgin Arm
ProvinceNewfoundland & Labrador
Postal CodeA0G1P0
Lot Dimensions3600 sq ft
Zoning Detailsresidential
HeatingElectric
FlooringLaminate, Carpeted
RoofAsphalt shingle, Unknown
FoundationConcrete Slab
AppliancesRefrigerator, Stove
ExteriorVinyl siding
SewerSeptic tank
Water SourceShared Well, Well
Annual Tax$240
| Room | Level | Dimensions | Notes |
|---|---|---|---|
| Foyer | Main level | 5 x 11 ft | — |
| Family room | Main level | 8.5 x 17.6 ft | — |
| Kitchen | Main level | 10 x 7 ft | — |
| Bath (# pieces 1-6) | Main level | 3 x 12 ft | — |
| Bedroom | Main level | 6 x 10 ft | — |
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