Address
5,6,8,10 Magnolia Place Paradise, NL
Price
$ 749,900
Property Attributes
  • ID#1229110
  • TypeSingle Family
  • CityParadise
  • Postal CodeA1L 0R1
  • StyleDetached
  • Price$ 749,900
  • Bedrooms16
  • Bathrooms8
  • Half Bathrooms0
  • Sqr Footage1150
  • Lot Size4 Acres
Listing Provided Courtesy Of:
Rob Burton, FRI with RE/MAX Infinity REALTY INC.
Data Source:
RLP - CREA EN
Property Description

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 & 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! (id:27)

General Features

Beds 16

Interior Features

Bedrooms 16
Total Baths 8

Exterior Features

Lot Size 4 lots | .7 acres
Jumpid 14859338

Room Details

Room Dimensions Level Flooring Details
Bathroom 8x6 Main Level
Bedroom 10x8 Main Level
Kitchen 10x8 Main Level
Laundry 5x4 Main Level
Living 16x11 Main Level
Master Bedroom 13x8 Main Level
Porch 7.5x4 Main Level

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in A1L 0R1

Price
AVG $750K
$750K
Visits
AVG 105
104