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$318,900 Effective Gross Income Available!

For Sale: in

$318,900 Effective Gross Income Available!

Mike Milovick

Realtor

Listing Details

Subtype: Student Housing, Multiplex

Year built: 2008

Total building size (sq. ft.): 8932

Parking spaces: 8

Floors: 4

Beds: 40

Baths: 16

Lot Size: 8,977 Sq Ft

Financial Details

Net operating income: $231,976

Percent leased: 100%

Cap rate: 4.83%

Description

$318,900 Effective Gross Income Available Here! Modern, Purpose Built Eightplex steps to WLU’s Science Building and Athletic Building! Throw a football and hit campus from here! Prime Prime Prime Location. Written leases. Exceptionally well-maintained, owner-managed rental operation. Separate electric and gas meters. Two full bathrooms per unit. In-suite laundry. Large common areas. All tenants on written lease. This is a Cash flow positive opportunity based on contemporary financing. Nothing to do here but collect good rents – with a further opportunity to increase income even more on re-rental! This is ideal for the veteran rental housing service provider that takes great comfort in operating buildings that are in extreme proximity to campus. Owned/enjoyed by same investment group for last seven years. Now its your turn! Let's set up a private showing - today!

Location & nearby

This listing is located in Waterloo, ON N2J 3B3

172 Regina Street North, Waterloo, ON, Canada

Mike Milovick

Realtor

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