5-6-8-10 Magnolia Place

5-6-8-10 Magnolia Place

Paradise, Newfoundland and Labrador, A1L0R1, Canada

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Approx. price(Nov 2021):

$749,900

Building type: Two Apartment House
Building style: Detached
Land Size: 4 lots
Floor Space: 1150 sqft
Bathrooms: 8
Bedrooms: 16
Heating Type / Fuel: Baseboard heaters, (Electric)
Exterior: Vinyl siding
Water: Municipal water

Property Description

Two Apartment House for sale in Paradise located in 5-6-8-10 Magnolia Place , Newfoundland and Labrador, A1L0R1, Canada. This Two Apartment House have 16 bedrooms and 8 bathrooms. This property listing building style is Detached. For all the rest of the information we have about this property in Paradise , see above.

Now available in Paradise, an exceptional RARE rental income investment opportunity featuring 4 registered 2-apartment mobile homes all attractively located together on a no-through-fare cul de sac! These properties are reasonably new, only 12 years old, each offering great space with 2 bedrooms and 1 bathroom per unit. Being affordable to lease they are popular. All but one of 8 units is rented and many tenants are long term conferring impressive stability! The 8 sub units in 4 separate homes are currently generating approximately $700 per unit per month or up to $5600 total monthly rental income! SAFE, PEACEFUL, PRACTICAL and AFFORDABLE! Well-maintained with some further maintenance improvements underway (including modern white foundation skirting as shown, decks to be stained, some painting refreshed). Nice size lots - ask for survey. With location in sought-after area of Paradise with positive development near new school and all amenities like supermarket, pharmacy, and medical clinic within a short walking distance. Parks, playgrounds, walking trails and access to main highways close. A lovely opportunity for many reasons including being even more ideally priced when purchased as a complete package. Also available as single units to purchase individually - see individual listings (MLS 1229132, 1229092, 1229091 and 1229127). Own real estate - it it the road to wealth!

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