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 $2,950/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 to the existing building. Whether you're a seasoned investor or just entering the market, this property offers excellent value, upside potential, and long-term stability. One could live in either unit, rent the other three, and live rent free forever. (id:51189)
Property Details
| MLS® Number | 1288243 |
| Property Type | Single Family |
Building
| Appliances | Refrigerator, Stove |
| ArchitecturalStyle | Bungalow |
| ConstructedDate | 1965 |
| ConstructionStyleAttachment | Detached |
| ExteriorFinish | Vinyl Siding |
| FlooringType | Laminate, Other |
| FoundationType | Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 1 |
| SizeInterior | 3250 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeIrregular | 150' X 140' Approx |
| SizeTotalText | 150' X 140' Approx|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| ZoningDescription | Res |
https://www.realtor.ca/real-estate/28653691/42-uplands-road-cbs
Interested?
Contact us for more information
Michael Samson
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
Justin Hollett
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
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July 28 2025 05:23:51
The Newfoundland & Labrador Association of REALTORS®
RE/MAX Realty Specialists
