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Nearly $240,000 Effective Gross Annual Income Available Here!
Listing Details
Subtype: Apartment Building, Student Housing, Multiplex
Year built: 2010
Total building size (sq. ft.): 9759
Zoning: RMU-12
Parking spaces: 8
Floors: 3
Beds: 30
Baths: 12
Lot Size: 7,879 Sq Ft
Financial Details
Net operating income: $179,151
Percent leased: 100%
Cap rate: 484%
Description
Nearly $240,000+ Effective Gross Annual Income Available Here! This sixplex apartment building features spacious units with oversized bedrooms, and massive common areas. Two full bathrooms per unit with in-suite laundry. This opportunity is owner built and owner managed - and it shows. Very clean, professional, organized, turn key operation. Individual meters for electricity and gas. Ample parking with most of the spots covered. Great central location with close proximity to University of Waterloo, Uptown Waterloo, Waterloo Park and TNT Grocery Store. Rental-licensed exempt building! Investor work sheet with full financials applied to contemporary financing available! Solid investment opportunity in one of the Perennially Best Towns in Ontario to Invest In!
Location & nearby
This listing is located in Waterloo, ON N2L 1V6
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