1 Oceanview Lane — Pollards Point, Newfoundland & Labrador

Looking to expand your rental portfolio or get started in real estate investing? This 6-unit apartment building in Pollards Point offers strong income potential with immediate cash flow. Featuring 5 two-bedroom units and 1 three-bedroom unit, the property is fully rented, providing consistent rental income from day one. Positioned near the water, tenants can enjoy beautiful ocean views in a quiet coastal setting. This is an older building that has been priced accordingly, presenting a great value-add opportunity for investors looking to increase equity through renovations and improvements. With room to enhance both rental rates and overall property value, the upside here is significant. Additional features include available room measurements for all units and an older truck with a plow that the vendor is willing to include—an added bonus for property maintenance. Whether you’re a first-time investor or looking to add to your portfolio, this property offers the perfect combination of cash flow, location, and future potential. (id:63357)