120 Craigmillar Avenue St. John's, Newfoundland & Labrador A1E 1Z8

$799,900

Discover an exceptional investment opportunity in the heart of the city with this well-maintained 8-unit multi-family property. The building features seven one-bedroom units and one two-bedroom unit, 7 of which are currently tenant-occupied and generating a total monthly income of $6,200. With all units self-contained and tenants responsible for their own heat and electricity, this property offers a low-maintenance, high-return investment. Boasting a potential annual income exceeding $70,000, this property provides both strong cash flow and long-term growth potential. Over the past 15–20 years, the building has benefited from numerous upgrades, including new windows and doors, a torched-on roof, updated plumbing and electrical, ensuring reliability and reduced future maintenance costs. Conveniently located in the city centre, this property offers easy access to amenities, public transit and shopping a prime location that continues to attract reliable tenants and steady demand. *Minimum 24-48 hours notice for showings (id:59809)

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