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Nearly $240,000 Effective Gross Annual Income Available Here!

For Sale: in

Nearly $240,000 Effective Gross Annual Income Available Here!

Mike Milovick

Realtor

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

195 Erb Street West, Waterloo, ON, Canada

Mike Milovick

Realtor

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