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$ 325,000
Est. payment /mo
Active
19-21 Bowater Avenue Lewisporte, NL A0G3A0
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 1295340
Style Bungalow
Year Built 1960
Property Sub-Type Freehold
Property Description
Multi-Unit Fourplex in Lewisporte — Great Investor Opportunity This centrally located fourplex in Lewisporte sits in a friendly community with short distances to recreational facilities, ball fields, basketball courts, playgrounds, and schools, offering residents convenient access to essential amenities. All units are currently rented, providing immediate cash flow for investors. The property comprises two 3-bedroom, 1-bath units and two 1-bedroom +1 room, 1-bath units, each with its own 125-amp service panel upgrades recently completed, ensuring modern electrical standards and reliability. Investors will appreciate the solid rental demand in this area, plus the potential for upkeep savings and long-term value growth. The layout supports a mix of tenants, and the proximity to schools and recreational options can help maintain occupancy and drive steady income. In addition to the strong current rental performance, Lewisporte's tight housing market and community-oriented lifestyle present opportunities for future appreciation as demand for well-maintained, centrally located rental properties continues to grow. This turnkey opportunity offers immediate income with room for future upside through strategic property management and potential improvements. (id:24570)
Location
Province NL
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Architectural Style Bungalow
Others
Ownership Freehold
Listed by Keller Williams Platinum Realty - Gander
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