5 Unit Apartment Building for Sale

City/Town: Ivanys Cove
Area: Avalon Peninsula
Posted: Tue, Aug 17, 1:43 PM
Attention Investors!! 5 unit apartment building complex (1-3 bedroom unit & 4-2 bedroom units) located just off the TCH in Ivanys Cove.10 minutes to Clarenville and 15 minutes to Bull Arm industrial site! Currently rented for $4,000/month with potential for much more when the next project moves into Bull Arm. Was rented for $11,600/month when Hebron project was going. Concrete foundation. Striped to studs 6 years ago. All new interior walls, windows, doors, plumbing, electrical (100amp service to each apartment), flooring, etc. New drilled artesian well. 2 septic systems (new tank on one. other pumped as well). Separate Washer and dryer in all 5 units. Large 200' x 200' lot in no property tax area.
Going cheap at $250,000. Willing to take $50,000 down payment and pay the remainder out over the next several years.
Serious inquires only.
MEDIA (Click thumbnails for larger view)

Steven Green's Harbour

Member Since: June 13, 2010

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