11 Point Road Virgin Arm, Newfoundland & Labrador A0G 1P0
$59,900
Prime Investment Alert! Immediate Cash Flow Opportunity! This is your chance to acquire a turnkey rental property and enter the real estate investment market with confidence! Located in a desirable area, this property is poised to deliver outstanding returns from day one. Key Investment Highlights: Instant Income: The property includes a long-standing, reliable tenant who wishes to remain, ensuring immediate, uninterrupted rental income and returning capital from the moment of closing. Expansion Potential: Don't just settle for one unit! A dedicated (approximately 300 downstairs with potential on the second floor) storage area is situated beside the existing apartment. This space was originally slated for conversion into a second rental unit (e.g., a studio or 1-bedroom suite). This offers a clear path to significantly boosting your ROI through future value-add development (subject to municipal approvals). Hassle-Free Transition: Benefit from an established tenancy, eliminating the time and expense of marketing, screening, and initial leasing. Don't miss out on this exceptional chance to secure a cash-flowing asset with built-in potential for future revenue growth. (id:63476)
Property Details
| MLS® Number | 1293288 |
| Property Type | Single Family |
Building
| Bathroom Total | 1 |
| Bedrooms Above Ground | 1 |
| Bedrooms Total | 1 |
| Appliances | Refrigerator, Stove |
| Constructed Date | 1970 |
| Construction Style Attachment | Detached |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Carpeted, Laminate |
| Foundation Type | Concrete Slab |
| Heating Fuel | Electric |
| Stories Total | 1 |
| Size Interior | 770 Sqft |
| Type | House |
| Utility Water | Well, Shared Well |
Land
| Acreage | No |
| Sewer | Septic Tank |
| Size Irregular | 3600 Sq Ft |
| Size Total Text | 3600 Sq Ft|under 1/2 Acre |
| Zoning Description | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Foyer | 5 x 11 ft | ||
| Main Level | Family Room | 8.5 x 17.6 ft | ||
| Main Level | Kitchen | 10 x 7 ft | ||
| Main Level | Bath (# Pieces 1-6) | 3 x 12 ft | ||
| Main Level | Bedroom | 6 x 10 ft |
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February 02 2026 04:44:35
Newfoundland & Labrador Association of REALTORS®
Outport Realty Inc. - Grand Falls-Windsor