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60 Marshall Street, Waterloo - 20 Bedroom Student Building

$1,999,000

For Sale: in

Updated Jul 24, 2022
60 Marshall Street, Waterloo - 20 Bedroom Student Building

Listing Details

Co-op commission:

Subtype: Multiplex

Year built: 1959

Total building size (sq. ft.): 4606

Units: 4

Zoning: RMU-20

Floors: 2

Beds: 20

Baths: 8

Financial Details

Net operating income: $104,755

Description

$153,000+ Gross Income Available Here! This apartment building features spacious units with oversized bedrooms, massive common areas. Two bathrooms per unit. Very clean. Individual meters for water, electricity and gas. Front Roof done in 2015. Back roof done in 2020. Driveway repaved in 2020. Unit B and Unit C freshly painted. In floor heating in the lower levels of Units A and D. Great central location with close proximity to Uptown and walking distance to both Universities. RMU-20 zoning may allow for further, future re-development. Original building expanded and significantly renovated in 2004. Rental-licensed exempt building! Fully occupied with written leases in place to at least end of April, 2023. Rare, positive cash flow with 35 percent down. Investor work sheet with full financials applied to contemporary financing available! Further optimize the building’s bottom line by: offloading utility costs to new tenants on re-rental and charging for parking. Solid investment opportunity in one of the Perennially Best Towns in Ontario to Invest In!

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Location & nearby

This listing is located in Waterloo, ON N2J 2T4

60 Marshall Street, Waterloo, ON, Canada

Mike Milovick

REALTOR®

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