63-63A Lemarchant

This multi-unit, 3 story apartment building which is conveniently located in downtown St. John's makes for a great investment opportunity with 5/6 units currently rented with long term tenants, paying separate utilities. Each of the 6; 1 bedroom apartments has it's own kitchen, living room, spacious bedroom and full piece bathroom (with 1 unit being wheelchair accessible). All units have electric heat with each unit having its own meter. Convenient multiple car paved parking lot at the rear of property and 1 car driveway at the front. The property has some upgrades in recent years including a new roof in the last 10 years, coin operated washer and dryer in 2016, some plumbing upgrades, new plugs, thermostats and switches 2016, new vinyl windows, front exterior doors in 2019, new toilet and vanities in 2018 (units 2 & 3), hot water tank in 2014 (unit 3) and 2021 (unit 2), new rangehood in 2019 (unit 3), new tub surround in 2019 (unit 2) and much more. 'Net income' of approximately $24,450 per annual (5/6 units rented), however, not currently rented at market value. Can potentially generate an annual of approximately $46,500. Viewings: Saturdays 1 - 6pm and Mondays 1-6pm.