8 Cloud Drive Roddickton, Newfoundland & Labrador A0K 4P0

$450,000

Exceptional investment opportunity offering multiple income streams and tremendous upside! This impressive 6,300 sq. ft. income-producing property features five self-contained one-bedroom apartments along with four established nightly rental units, making it an ideal addition to any investment portfolio. Extensively upgraded with major capital improvements already completed, the property boasts a new 600-amp electrical service, all new plumbing, a high-tech security/alarm system, and a new interconnected smoke alarm system, providing added peace of mind and modern safety standards. The building also offers two shared laundry facilities for tenant and guest convenience, as well as an attached garage at the rear of the property, providing valuable storage or additional operational space. Investors will appreciate the property's future growth potential with an undeveloped area that offers the possibility of creating an additional rental unit (subject to any required approvals), allowing for even greater revenue opportunities. Currently, two of the long-term apartments are rented, with the remaining three units expected to be leased in September 2026, providing immediate and increasing rental income. Combined with the established nightly rental units, this property offers a diversified revenue stream and outstanding cash-flow potential. Whether you're looking to expand your portfolio or acquire a turnkey investment with significant upside, this is a rare opportunity to own a versatile, well-updated asset with strong current income and room for future growth. (id:51189)

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https://www.realtor.ca/real-estate/30066782/8-cloud-drive-roddickton