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62A ALLANDALE Road
St. John's, Newfoundland and Labrador
Property Description
What a CASH-COW! Located directly across MUN campus, this turn-key investment property with 10 beds 4.5 baths and a commercial unit is the ultimate investors dream! This amazing property comes with 2 self-contained three-bedroom units, 2 self-contained two bedroom units, each of which has its own separate entrances, electrical panels, kitchens, baths and laundry. The commercial store is permitted for a convenience store with grandfathered small hot foods/ small take-out. In the rear is an 8-car parking lot with room for expansion. Extensively renovated over the years, this zero-vacancy property is now being sold turn-key with all furniture in place for the savvy investor. It is fully-rented for $7025 POU per month, yielding you at least 10% CAP, a rare find in todays market. (id:885)
Courtesy of RE/MAX Realty Specialists
Property Details
- ID #
- 1245340
- Status
- Sale
- Type
- Single Family, Multi-Family, House, Residential
- Postal Code
- A1B3A1
- Building Area
- 377m2
- Year Built
- 1951
- Septic
- City sewer
- Construction Style Attachment
- Detached
- Exterior
- Vinyl siding
- Fencing
- Partially fenced
- Flooring Type
- Mixed Flooring
- Foundation Type
- Concrete
- Heating Fuel
- Electric
- Heating Type
- Baseboard heaters
- Ownership Type
- Freehold
- Storage Type
- Storage Shed
- Utility Water
- Municipal water
- Zoning Description
- R1
- Appliances
- Dryer, Microwave, Range - Gas, Refrigerator, Stove, Washer
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