101-103 Lemarchant Road

101-103 Lemarchant Road, St. Johns, Newfoundland and Labrador, A1C2H1, Canada

Property Details

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Approx. price(Jun 2017):

$495,000

Building type: Multi-Family
Building style: Attached
Land Size: 7469 sq ft
Heating Type / Fuel: / Electric, Oil
Exterior: Other, Wood shingles, Wood
Water: Municipal water

Property Description

Multi-Family for sale in St. Johns located in 101-103 Lemarchant Road , Newfoundland and Labrador, A1C2H1, Canada. This Multi-Family have 0 bedrooms and bathrooms. This property listing building style is Attached. For all the rest of the information we have about this property in St. Johns , see above.

Great property for the right owner with some commercial office space and 4 residential units. Great location for a lawyer/accountant or some other professional who needs office space with the added benefit or rental income to help pay the mortgage. The property could generate about $85, 000 a year in rental income with about $45, 000 in expenses that includes the heating oil and the electricity/power charges for all the units. If a potential buyer replaced the oil furnace with electric heat and put each unit on its own meter, the property's net operating income would improve dramatically because of a potential decrease in property operating expenses. This property has a great central location and is minutes from St. John's Downtown and the University is just up over the hill which would be very attractive to students. This property is worth looking at for any individual who thinks they want to get started investing in real estate for the long term. .

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