Message Number373673
Subject LineKWC - Waterloo- 15 Student Triplex- $1,300,000 - $96,000 Gross Annual Income. Three Doors from Main Entrance of WLU, WLU Business Building Back on to It!
Business area
Southwestern Ontario
Location, City249 Hazel Street, Waterloo
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingFebruary 8 2019
Type DescriptionStudent Investment Real Estate
Gross Income95820
Net Income60799
Cap Rate4.67
CommentsCash flow positive, City rental licensed triplex steps to main entrance from WLU and adjacent to WLU Business Building! $96,000 Gross Annual Income set for September, 2019 ($95,820 current)! Throw football and hit campus from here! Exceptionally well-maintained. Roof (2016). New broadloom in lower level unit (2016). Updated light fixtures. Separate electric and gas meters. Freshly painted. Two bathrooms per unit. In suite laundry. Large common areas. Large detached shed for supplemental landlord storage. New fridges, stoves (2018). All tenants on multi-year lease. 13/15 tenants staying for at least an additional year - beyond September, 2019. 2 remaining rooms already re-rented for September, 2019. Nothing to do here but collect good rents until at least end of August, 2020! This is an ideal opportunity for the rental housing provider that takes great comfort in operating buildings that back on to WLU campus. Owned/enjoyed by same investment group for over twelve years. Now its your turn!

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Client DetailsActive Investor
Client SituationEntity Disolution
Motivation RatingWill only Take Perfect Transaction
Client WantsCash
Broker's RecommendationPremium Product in Premium Location
NameMike Milovick
Company NameRoyal LePage Grand Valley Realty Brokerage
Address Line OneUnit 15C, 370 Highland Road West
Zip/Postal CodeN2M 5J9
Business Phone Number(519)745-7000
Cell Number519745-7000
Home Number519745-7000
FAX Number(519) 745-8460
Email AddressSend Email
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