Affordable Investment Alert Near MUN! Unlock the door to a premier investment with this pre-inspected, semi-detached gem, nestled in a prime location that blends convenience with exceptional income potential. On the doorsteps of Memorial University and the vibrant Churchill Square, this 1.5-story home enjoys steady demand, boasting a robust monthly rental income of $3,280 for immediate positive cash flow. Across three thoughtfully designed levels, the residence caters to a wide tenant base. The main floor, with two bedrooms, an updated bathroom, and a welcoming eat-in kitchen, sets the stage for a comfortable living area. The second floor adds two more bedrooms, increasing privacy and living comfort. The highlight is the basement, featuring a modern kitchenette, three bedrooms, a full bathroom, and laundry facilities, all configured as an in-law suite, enhancing the property’s versatility and attractiveness to potential renters. Featuring electric heating and a spacious driveway leading to a large backyard, this property ensures tenant satisfaction while minimizing maintenance costs. Tasteful updates to both bathrooms enhance the home's functionality, further solidifying its appeal to investors. Positioned at 7 Hoyles Avenue, this opportunity transcends mere property ownership, offering a pathway to financial growth and stability within one of St. John's most desirable neighborhoods. Discover the promise of a high-yield investment home. Schedule your viewing today and embark on a strategic journey toward a wise and lucrative investment decision. (id:47423)
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Detailed Information
Bedrooms
4+3
Bathrooms
2
Total Area
1,550 ft2
Listing Contract Date
2024-02-29
Ownership Type
Freehold
Property Type
Single Family
Structures
Patio(s)
Transaction Type
For sale
Zoning Description
Res
Building
Appliances
Refrigerator, Washer, Dryer
Constructed Date
1950
Construction Style (Attachment)
Semi-detached
Exterior Finish
Vinyl siding
Flooring Type
Hardwood, Laminate, Other
Foundation Type
Concrete
Heating Fuel
Electric
Stories Total
1.5
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
9'4"" X 16
Bedroom
Second level
9' X 13'
Bedroom
Basement
8' X 9'
Bedroom
Basement
8' X 10'
Bedroom
Basement
8' X 10'
Bath (# pieces 1-6)
Basement
4 PC
Bedroom
Main level
12' X 9'4""
Bedroom
Main level
11'8 X 15
Bath (# pieces 1-6)
Main level
3 PC
Kitchen
Main level
7'10"" X 14'5
Land
Total Size
35.5 x 145 x 44 x 144 | under 1/2 acre
Fence Type
Fence
Landscape Features
Landscaped
Sewer
Municipal sewage system
Size of Irregular Land
35.5 x 145 x 44 x 144
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