NormanLane Real Estate | 709-221-SOLD | 323 Freshwater Road St. John's NL A1B 1C3

4 Harris Road – (3 Apartment Home) $420,000

Attention Investors, OR First Time Home Buyers!     MLS # 1194001

You could own this home for less than $299 bi-weekly *

This home has tremendous potential, and with the 2 rental incomes, you could own it for less than you’re paying in rent. This registered THREE unit property has had most of the major upgrades already completed, but there's still opportunity to add your own special touches. The spacious main unit is a great space that's flooded with natural light. This unit contains 2 bedrooms, 2 additional rooms, 2 full baths and 1 half bath, a beautiful, huge living room w/propane fireplace, and entrance to the in house garage. The main unit has a large rear deck with a great view and a separate double driveway. This property contains TWO additional apartments. The upper 2 bedroom apt is bright, spacious and in great condition, it also has a full basement for laundry and storage and there a separate driveway (Tenant in place 5+ years). The other 1 bedroom apartment is cosmetically dated but has a great long term tenant (over 20 years). Tenants in both units would like to stay in place. The yard is fully landscaped complete with the corner portion having an irrigation system and the rear yard having a vegetable garden.

2 units that are currently rented for $2000 per month (inclusive) leaving the main unit available for yourself to live for less than $299 bi-weekly (INCLUDING property taxes!)

This home could also work as the main unit for yourself,  an in-law apartment for an elderly parent, while having another suite to house your University age young adults!

 

   

 

* Minimum requirements: Must have at least 24 months established credit ( 680+ score),  a minimal household income of a least $70,000 (assuming no more than $500 per month in other  debts such as vehicle payments, credit cards, lines, student loans, etc) to qualify.

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