Combo Package: 5-Plex and 4-Plex in Lewisporte — Strong Investor Portfolio This centrally located investment package combines a turnkey 5-plex and a turnkey 4-plex in Lewisporte, offering immediate cash flow in a friendly, family-oriented community with close proximity to recreational facilities, ball fields, basketball courts, playgrounds, and schools. All units across both properties are currently rented, ensuring steady occupancy and reliable income from day one. The 5-plex comprises four 3-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit. The 4-plex features two 3-bedroom, 1-bath units and two 1-bedroom, 1-bath units, with 125-amp service panels (NEW), ensuring consistent electrical performance across the portfolio. The layouts across both properties support diverse tenant profiles—families, professionals, and students—while Lewisporte’s tight housing market supports ongoing demand and potential appreciation. This package offers immediate income with the opportunity to optimize lease terms, pursue strategic upgrades, and leverage cross-property management efficiencies. Investors will benefit from stable yields, centralized locations, and room for future upside as the market evolves and demand for well-maintained, centrally located rental properties remains strong.
154 days
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5
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0
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Carla Kinden,
Keller Williams Platinum Realty - Gander
Source: Newfoundland and Labrador AR,MLS®#: 1295342
Facts & features
Interior
Heating
Baseboard, Electric
Cooling
Electric
Property
Details
Zoning description: RES
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Single Family Residence
Source: Newfoundland and Labrador AR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.