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8 Cloud Drive
8 Cloud Drive
NEW
Roddickton, Newfoundland & Labrador
$450,000
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Quick Summary
Location
Roddickton, Newfoundland & Labrador
Price
$450,000
Building Type
Multi-Family
Property Type
Other
Status
For sale
Area
6300 sqft
Beds
0
Baths
n/a
Age
n/a
Postal Code
A0K 4P0
MLS®
1300799
Courtesy Of
3% Realty East Coast
Database ID:69775 DDF Feed ID: 30066782 Latitude: 50.868595 Longitude: -56.116796
Property Description
Exceptional investment opportunity offering multiple income streams and tremendous upside! This impressive 6,300 sq. ft. income-producing property features five self-contained one-bedroom apartments along with four established nightly rental units, making it an ideal addition to any investment portfolio. Extensively upgraded with major capital improvements already completed, the property boasts a new 600-amp electrical service, all new plumbing, a high-tech security/alarm system, and a new interconnected smoke alarm system, providing added peace of mind and modern safety standards. The building also offers two shared laundry facilities for tenant and guest convenience, as well as an attached garage at the rear of the property, providing valuable storage or additional operational space. Investors will appreciate the property's future growth potential with an undeveloped area that offers the possibility of creating an additional rental unit (subject to any required approvals), allowing for even greater revenue opportunities. Currently, two of the long-term apartments are rented, with the remaining three units expected to be leased in September 2026, providing immediate and increasing rental income. Combined with the established nightly rental units, this property offers a diversified revenue stream and outstanding cash-flow potential. Whether you're looking to expand your portfolio or acquire a turnkey investment with significant upside, this is a rare opportunity to own a versatile, well-updated asset with strong current income and room for future growth. (id:47053)
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I would like more information about 8 Cloud Drive, Roddickton, listed for $450,000.
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Building Information
Building Type: Multi-Family
Area: 6300 sqft
Forced air
Electric Heat
Municipal water
Full Details
General
MLS® Number:
1300799
Ownership Type:
Freehold
Price:
$450,000
Property Type:
Other
Transaction Type:
For Sale
Zoning Description:
Mix
More Information Link:
https://www.realtor.ca/real-estate/30066782/8-cloud-drive-roddickton
Land
Size Total Text:
2.37 Acres|1 - 3 acres
Acreage:
true
Sewer:
Municipal sewage system
Size Irregular:
2.37 Acres
Building
Bedrooms Above Ground:
0
Bedrooms Below Ground:
0
Bedrooms Total:
0
Constructed Date:
1986
Heating Fuel:
Electric
Heating Type:
Forced air
Size Interior:
6300 sqft
Type:
Multi-Family
Utility Water:
Municipal water
Listing information last updated on 2026-07-22 16:22:01 -0230
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