| Message Number | 407313 | ||||||||
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| status | Active | ||||||||
| Subject Line | SOLD! KWC Waterloo - $1,600,000 Rental Licensed Triplex with $98,400+ Annualized Gross Income! | ||||||||
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| Location, City | 317 Spruce Street, Waterloo | ||||||||
| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | June 6 2022 | ||||||||
| Type Description | Student Investment Real Estate | ||||||||
| Location | Waterloo | ||||||||
| Price | $1,600,000.00 | ||||||||
| Building area | 2353 | ||||||||
| Zoning | NMU-12 | ||||||||
| Gross Income | 98460 | ||||||||
| Expenses | 32678 | ||||||||
| Net Income | 10722 | ||||||||
| Cap Rate | 3.92 | ||||||||
| Comments | Over $98,400+ Annualized Gross Income Available Here! Cash Flow Machine!
This meticulously maintained, owner-managed, triplex features a 2097 square foot purpose-built addition with generously sized bedrooms and common space. Located about a five minute walk to WLU and a fifteen minute walk to UW, this is a turn key, rental licensed, city approved opportunity. Three 5 bedroom units. This building comes to you fully rented. A lot of arrows up here: note three electricity meters, three gas meters, moisture sensing fans in all bathrooms, life safety systems annually inspected, and in suite laundry. This building comes complete with good, clean tenants. Some furnishings are seller provided. Located in investor-desirable Northdale, this opportunity should provide better than average yield - today - and in years to come! With both universities fully open for January, this makes for a tremendous re-opening investment! Let me make your financial analysis of this opportunity easy! Investor work sheet available to show how this positive cash flow property can work for you! Let me e-mail it to you. |
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| Member Identifier | 201 | ||||||||
| Control | MLS | ||||||||
| Name | Mike Milovick | ||||||||
| Title | Broker | ||||||||
| Company Name | Royal LePage Grand Valley Realty Brokerage | ||||||||
| Address Line One | Unit 15C, 370 Highland Road West | ||||||||
| City | Kitchener | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | N2M 5J9 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (519)745-7000 | ||||||||
| Cell Number | 519745-7000 | ||||||||
| Home Number | 519745-7000 | ||||||||
| FAX Number | (519) 745-8460 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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