Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
Listing photo for 5,6,8,10 Magnolia Place, Paradise, Newfoundland & Labrador
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5,6,8,10 Magnolia Place,

Paradise, Newfoundland & Labrador

$749,900

16 Beds
8 Baths
1,150 Sqft
4 lots | .7 acres|under 1/2 acre

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:2599)

Facts & Features
Listing # 1229110
Price $749,900
Bedrooms 16
Bathrooms 8.00
Square Footage 1,150
Land Size 4 lots | .7 acres|under 1/2 acre
Year Built 2008
Type Single Family
Sub-Type Freehold
Community Information
Address 5,6,8,10 Magnolia Place
City Paradise
Province Newfoundland & Labrador
Postal Code A1L0R1
Amenities
Is Waterfront No
Has Pool No
Interior
Interior Features Drapes/Window coverings
Appliances Dishwasher, Refrigerator, Stove, Washer, Dryer
Heating Electric Baseboard heaters
Has Basement No
Fireplace No
Exterior
Exterior Vinyl siding
Exterior Features Landscaped
Listing Details
Office RE/MAX Infinity REALTY INC.
Photo of Janet Kovich

Janet Kovich

Cell: 709-682-3745

The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. REALTOR®. Member of CREA and more.

Last Updated June 17th, 2021 at 11:36pm NDT

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