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House For Sale

$79,900

MLS® Number: 1293297

Bedrooms

3

Bathrooms

1

Floor Area

820

Year Built

1970

8 Point Road, Virgin Arm, Newfoundland & Labrador

About This Property

Investment Gold: Turnkey 3-Bedroom Home with Instant Cash Flow! Attention investors! Secure a highly desirable, well-kept 3-bedroom rental that delivers exceptional returns from day one. This property is a testament to solid maintenance and offers strong tenant appeal, making it a truly resilient investment. Key Investment & Property Features: Immediate Capital Flow: The unit is occupied by reliable, long-standing tenants who wish to remain, ensuring a seamless acquisition and guaranteed, uninterrupted income immediately upon closing. High-Demand Rental: The 3-bedroom configuration is a prime market segment, attracting stable, long-term tenants (families or groups) and commanding competitive rental rates. Tenant Appeal & Comfort: Tenants benefit from the cozy efficiency of wood heat, supplemented by reliable baseboard electric—a popular and cost-effective heating solution. Condition: The property is described as well kept, indicating pride of ownership and minimizing immediate maintenance concerns for the investor. Unique Bonus Amenity: A versatile outdoor wood shed/man cave provides extra storage and flexible space, adding significant value and appeal to the current tenant. Investment Highlight: This is a fantastic ""set-it-and-forget-it"" investment. It's a cash-flowing asset where the heavy lifting (finding and keeping tenants) is already done. Start earning immediately! Don't miss this chance to add a stable, high-yield asset to your portfolio.

Property Details

Interior Details

Appliances

Refrigerator, Stove

Bathrooms Partial

0

Bathrooms Total

1

Bedrooms Total

3

Fireplace Features

Wood, Woodstove

Fireplace

True

Fireplaces Total

1

Flooring

Other

Heating

Baseboard heaters, Wood

Living Area

820 sqft

Building & Exterior

Exterior Features

Vinyl siding

Stories

1.0

Year Built

1970

Land & Location

Lot Size Dimensions

95 x 75 x 85 x 70 ft

Postal Code

A0G1P0

Listing & Financials

Listing Office

Outport Realty Inc. - Grand Falls-Windsor

Originating System Name

Newfoundland & Labrador Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($15,980)
5.5%
25 Years

Estimated Monthly Payment

$393

Principal and interest only. Actual rates may vary.

Location & Map

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