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$ 699,000
Est. payment /mo
Active
19-29 Bowater Avenue Lewisporte, NL A0G3A0
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 1295342
Year Built 1965
Property Sub-Type Freehold
Property Description
Combo Package: 5-Plex and 4-Plex in Lewisporte — Strong Investor Portfolio This centrally located investment package combines a turnkey 5-plex and a turnkey 4-plex in Lewisporte, offering immediate cash flow in a friendly, family-oriented community with close proximity to recreational facilities, ball fields, basketball courts, playgrounds, and schools. All units across both properties are currently rented, ensuring steady occupancy and reliable income from day one. The 5-plex comprises four 3-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit. The 4-plex features two 3-bedroom, 1-bath units and two 1-bedroom, 1-bath units, with 125-amp service panels (NEW), ensuring consistent electrical performance across the portfolio. The layouts across both properties support diverse tenant profiles—families, professionals, and students—while Lewisporte's tight housing market supports ongoing demand and potential appreciation. This package offers immediate income with the opportunity to optimize lease terms, pursue strategic upgrades, and leverage cross-property management efficiencies. Investors will benefit from stable yields, centralized locations, and room for future upside as the market evolves and demand for well-maintained, centrally located rental properties remains strong. (id:24570)
Location
Province NL
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Keller Williams Platinum Realty - Gander
NEARBY SCHOOL & BUSINESS
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