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63-63A Lemarchant Road

Lemarchant Rd, Downtown, St. John's, NL, A1C 2G9

6
Beds
6
Baths
4,119
Sq. Ft.
$575,000
List Price
Details
Photos
24
Comparables
History
63-63A Lemarchant Road, St. John's, NL - 1 of 3
63-63A Lemarchant Road, St. John's, NL - 2 of 3
63-63A Lemarchant Road, St. John's, NL - 3 of 3
63 days on market

Quick Summary

  • Fully rented apartment building with steady monthly income
  • Individually metered units for maximum profitability
  • Shared coin-operated laundry for additional income
  • Recent updates include new hot water tanks and flooring
  • Rear parking shared with local business, front dedicated spot
  • Steps away from restaurants, shops, and entertainment
  • Solid rental history with reliable, steady cash flow
  • Exceptional investment opportunity for investors

This 6-unit apartment building is an exceptional find for investors! Fully rented and offers a steady monthly income from reliable tenants. Individually metered units allow tenants to pay their own utilities, ensuring maximum profitability and lower expenses for you! Each apartment features a bedroom, living room, kitchen, and bathroom.... Show More

This 6-unit apartment building is an exceptional find for investors! Fully rented and offers a steady monthly income from reliable tenants. Individually metered units allow tenants to pay their own utilities, ensuring maximum profitability and lower expenses for you! Each apartment features a bedroom, living room, kitchen, and bathroom. Shared amenities include a coin-operated washer and dryer to provide additional income. Recent updates include four new hot water tanks installed over the past 3 years, new flooring in one unit, fresh paint in two units, and some updated appliances throughout. Rear parking is shared with a local business and one dedicated spot at the front of the building. This building is just steps away from restaurants, shops, and entertainment, ensuring a high demand for tenancy! It’s solid rental history combined with great tenants makes this property an exceptional investment with reliable, steady cash flow! (id:54626)

Property Details

Size

4,119 sq. ft.
6 Beds
6 Baths
6 Full

Build

Year Built
2024
Model Name
-
Basement
-
Exterior
Vinyl siding
Foundation
Block, Stone
Builder Name
-
Stories
-
Flooring
Carpeted, Laminate, Mixed Flooring, Other
Roof
-

Utilities

Water
Municipal water
Sewer
Municipal sewage system

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
1277707
Last Updated
September 20, 2024
Brokerage
Krown Property Investments Inc.
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