153-155 West Street, Stephenville, Newfoundland & Labrador A2N 1E7

INVESTMENT OPPORTUNITY!!! In our rapidly expanding town this is a great chance to pick up a 5 unit apartment building with a 0 vacancy rate!!! There is a 3 bedroom, 2 bathroom unit (main level has 2 bedrooms and 1 bath and 1 bedroom and 1 bathroom on 2nd level) that the owner can live in and rent the other 4 units! The other half of the main level is a 2 bedroom , 1 bathroom apartment. The basement has two 2 bedroom, 1 bathroom units and the other half the 2nd level has a 1 bedroom, 1 bathroom apartment. All units pay their own utilities, has a laundry hook up, 125 amp breaker panel, air exchanger, included fridge and stove. The 1 bedroom also has a washer and dryer that is included. Shingles were replaced in 2010. The 3 bedroom unit also features a private entrance/exit to the backyard. If you decide to live here you can have a beautiful big backyard to yourself. Oceanviews, easy to maintain and within walking distance to schools and shopping. (id:27476)

This multi-family property is being offered for sale with freehold ownership. It presents an excellent investment opportunity in a rapidly growing town, boasting a 5-unit apartment building with a 0% vacancy rate. The layout includes a 3-bedroom, 2-bathroom unit, with 2 bedrooms and 1 bath on the main level and 1 bedroom and 1 bathroom on the second level, providing the option for the owner to reside in this unit while renting out the other 4 units. Additionally, there is a 2-bedroom, 1-bathroom apartment on the main level, two 2-bedroom, 1-bathroom units in the basement, and a 1-bedroom, 1-bathroom apartment on the second level. Each unit is responsible for its own utilities and features a laundry hook-up, 125 amp breaker panel, air exchanger, and includes a fridge and stove. The 1-bedroom unit also comes with a washer and dryer. The shingles were replaced in 2010, and the 3-bedroom unit offers a private entrance/exit to the backyard, providing a spacious outdoor area with ocean views, easy maintenance, and close proximity to schools and shopping.

The property is situated on a land size of 16,178 sq ft, located at 153-155 West Street in the city of Stephenville, Newfoundland & Labrador, with a postal code of A2N1E7. It features a cooling type of air exchanger and a building exterior finish of vinyl siding. The heating fuel used is electric, with heating provided by baseboard heaters.

This property presents an attractive investment opportunity with its multi-family layout, offering a variety of units and the potential for the owner to reside on-site while generating rental income from the other units. Its convenient location, low vacancy rate, and desirable features make it a compelling prospect for investors seeking a property with strong rental potential in a growing town.