2-6 Powerhouse Road Bishop's Falls, Newfoundland & Labrador A0H 1C0

$859,000

Welcome to Fallsview Apartments located in the scenic Town of Bishop's Falls ! This 12 unit all on one level apartment building located adjacent to the beautiful Fallsview Municipal Park makes this property very desirable to potential tenants. Main level of building features four 2 bedroom and eight 1 bedroom apartments , common lounge area at front of building with kitchenette that could easily be renovated into a 13th 2 bedroom unit for additional rental income. Also on main level you have a main common hallway, common washroom, shared laundry room for tenants , electrical room, janitors closet, storage room and mail is delivered directly to residents living in building through mailboxs . Exterior of building is fully landscaped, paved multi vehicle parking lot , detached garage, mostly fenced, building is finished with vinyl siding, vinyl windows and asphalt shingles. Some newer renovations include interior plumbing renos, new carpet installed throughout most of building, all new vinyl windows installed and new asphalt shingles. This property is situated on a large lot with 3.395 acres of land that has great potential for future development of new multi unit apartment buildings, so not only is this property a great investment the way it is right now it could also be a great investment property on a much larger scale! All units are on separate meters with tenants paying their own utilities. (id:55727)

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