| Message Number | 43459 | ||||||
|---|---|---|---|---|---|---|---|
| subject | Over 9% Cap Rate 8-Bedroom Student Housing Property within Walking Distance to Niagara University for 380,000 USD | ||||||
| Business area |
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| City | Niagara Falls | ||||||
| Have/Want | Have | ||||||
| Business category | Net Leased Investment | ||||||
| Have/Want Date | June 14 2022 | ||||||
| Property Type | Detached residential | ||||||
| Location | Next to Niagara Unversity Campus on McKinley Ave | ||||||
| Price | 380,000 USD | ||||||
| Gross Income | 40,320 USD | ||||||
| Expenses | 4,194 USD | ||||||
| Net Income | 36,126 USD | ||||||
| Cap Rate | 9.5% | ||||||
| Comments | Off-market income property within walking distance to Niagara Unversity.
5+3 bedrooms 2+1 bathrooms 2+1 Kitchens $420 USD per student per month for 8 students Students pay heating and hydro; whereas landlord pays property tax and water. Lot size: 217x78 Cap rate isnclose to 10%. In Canada we would be lucky to hit 2% in the GTA or 5% in other provinces due to high property prices. |
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| Internet links | |||||||
| First Name | Mya | ||||||
| Last Name | Qi | ||||||
| Are you a broker/sales person? | NO | ||||||
| Phone Number | (647)720-8998 | ||||||
| Email Address | Send Email |