Turnkey 5-Unit Apartment Building – Exceptional Investment Opportunity An outstanding opportunity for investors or those looking to expand their rental portfolio. This well-maintained, income-generating 5-unit apartment building offers a rare combination of space, privacy, and recent upgrades—making it a truly turnkey investment. Property Highlights This multi-unit property features: - Four (4) spacious 3-bedroom apartments – Generously sized units ideal for families and long-term tenants - One (1) executive 3-bedroom apartment, offering premium features including: Two full bathrooms Private, fully fenced yard Dedicated private storage shed The executive unit is perfectly suited for an owner-occupier or as a high-end rental, adding flexibility and increased revenue potential. Recent Upgrades & Features Extensively improved over the past year, this property is designed for long-term performance and reduced maintenance: - New oil tank - New hot water tanks - Numerous upgrades throughout the building - Ample basement storage for tenants or owner use - Two on-site sheds (one private to the executive unit, one shared) - Executive unit pays its own heat and electricity, lowering operating costs Investment Appeal - Strong and stable rental income potential - True turnkey property with minimal immediate capital requirements - Diverse unit mix enhances rental demand and flexibility - Consistently maintained building with pride of ownership - Highly attractive to families, professionals, and long-term tenants This is a rare opportunity to acquire a versatile, upgraded multi-unit property in excellent condition.
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Zillow last checked:
Listing updated:
Listed by:
Don Gibbon,
RE/MAX Realty Professionals Ltd. - Stephenville
Source: Newfoundland and Labrador AR,MLS®#: 1296337
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 15
Heating
Hot Water, Oil, Radiant
Features
Flooring: Cushion/Tile/Lino, Hardwood, Laminate
Property
Parking
Parking features: Open
Has uncovered spaces: Yes
Features
Stories: 2
Lot
Size: 6,773 Square Feet
Dimensions: 153 x 105 ( 163 x 131 )
Features: Bus Service, 0.5 -0.99 Acres
Details
Zoning description: RES
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Single Family Residence
Attached to another structure: Yes
Materials
Foundation: Concrete, Concrete Perimeter
Condition
Year built: 1965
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Connected, High Speed Internet, Phone Connected
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.