42 Uplands Road Cbs, Newfoundland & Labrador A1W 4T8

$374,900

Incredible Investment Opportunity – Fully Rented 4-Unit Property on Massive Double Lot! Don't miss this rare chance to own a registered four-unit income property situated on a spacious double lot, offering both current income and future development potential. Each of the four units features its own private entrance and separate utility meters, ensuring ease of management and privacy for tenants. All rents are POU (Pay Own Utilities), which significantly reduces your operating expenses and increases net income. Currently bringing in $3,150/month, this property is under-rented, presenting a great opportunity for increased cash flow with future rent adjustments. With strong tenant demand and no vacancies in recent years, this is a proven performer in a reliable rental market. The building has been well maintained by conscientious ownership, making it a solid, turnkey investment. The oversized lot provides ample parking, outdoor space, or possible room for expansion tot eh existing building. Whether you're a seasoned investor or just entering the market, this property offers excellent value, upside potential, and long-term stability. (id:55727)

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