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Listing Details
Co-op commission: 1.5%
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
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