11 Point Road, Virgin Arm, Newfoundland & Labrador A0G1P0

11 Point Road
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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.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

AppliancesRefrigerator, Stove
Bathrooms Partial0
Bathrooms Total1
Bedrooms Total1
FlooringLaminate, Carpeted
HeatingElectric
Living Area770 sqft

Building & Exterior

Exterior FeaturesVinyl siding
Foundation DetailsConcrete Slab
Stories1.0
Year Built1970

Land & Location

Lot Size Dimensions3600 sq ft

Listing & Financials

Listing OfficeOutport Realty Inc. - Grand Falls-Windsor
Originating System NameNewfoundland & Labrador Association of REALTORS®

Other Specifications

Common InterestFreehold
CountryCanada

For Sale

$59,900

11 Point Road, Virgin Arm, Newfoundland & Labrador A0G1P0

Beds

1

Baths

1

Living Area

770 sqft

Lot Size

-

Property Type

House

Year Built

1970

Listing ID1293288

Location & Map

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