34-40 Georgia Drive,Stephenville, NL A2N0C3
Stephenville, NL A2N0C3
Description
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. (id:13843)
Details
| MLS # | 1296337 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-family |
| Status | Active |
| Year | 1965 |
| Days On Site | 193 |
| Listing Provided By | RE/MAX Realty Professionals Ltd. - Stephenville | Don Gibbon |
Features
| Zoning | RES |
|---|
Interior
| Heating | Hot water radiator heat, Radiant heat, Oil |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete, Poured Concrete |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2804 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | NL |
|---|---|
| City | Stephenville |
| Postal Code | A2N0C3 |
| Listing VS Median (in A2N0C3) | |
Price: $575,000 low | high Med: $0 On site: 193 low | high Med: | |
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Learn More About This Property
| Province | NL |
|---|---|
| City | Stephenville |
| Postal Code | A2N0C3 |
| Listing VS Median (in A2N0C3) | |
Price: $575,000 low | high Med: $0 On site: 193 low | high Med: | |
