This is a fantastic investment opportunity. The owner is moving his investments in a different direction and is offering this well established and reliable revenue generating property to the next investor with a reasonable rate of investment. The list price is based on the actual rental income which the owner reports is presently set below market rental rates. The annual revenue could be increased by 20% by increasing present rents to the market rental rates. The vacancy rate is near zero as this location is centrally located with easy access, large parking lot and close proximity to Carbonear's amenities. There are a total of 13 living units, 11- 2 bedroom units and 2 - 1 bedroom units and there is a coin operated laundry facility which is lucrative. This property was professionally developed and has been well maintained and the present owner has done renovations and modernizations over the past year improving the condition even more. There is professionally installed fire alarm and sprinklered system in the building. All information is estimated and owner will supply income and expense statement verbally during showings and in writing complete with breakdown once an acceptable offer is received. (id:47053)
