328 Regina St. N., Waterloo, ON
I just finished uploading this Multi-Family Apatment for sale, 328 Regina St. N., Waterloo, ON
Excellent Investment Opportunity Awaits. Own this never vacant cash flowing building. 15 Units, 28 Bedroom building. 2-1 Bedrooms 13-2 Bedrooms. 5 minute walk to WLU Apartments mainly very large 2 Bedroom units, possible conversion into 3 Bedroom units. REVENUE TOTAL Rents $166,958 Laundry Estimate $ 2,400 Gross operating income: $169,358 EXPENSES Property Taxes (2009) $ 30,736 Insurance $ 1,980 Hydro & Water $ 17,247 Bell Telephone $ 288 Gas $ 1,121 Water tank rental $ 568 Total Expenses $ 51,940 NOI $ 117,418 Upside Potential Add extra bedrooms Separately meter each unit Renovate and increase rents Add units in the basement *Before completing any renovations confirmation with the city is required. No representations are being made.