Waterloo Multi-Family for sale: (Listed 2010-03-19)

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• Property Valuesold for
  $1,875,000
• Property Address328 Regina St. N., Waterloo, ON, Canada
• TypeMulti-Family
• BasementNo Values ...
• Year Built1972
• Est. Property Tax30,736

• Lot Frontage126 ft
• Lot Depth172 ft

Address

328 Regina St. N., Waterloo, ON, Canada

Description

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.

Features

Controlled Entry.

Property Highlights

Building Type 3 story walk-up

# of units 15
2 1bedrooms
13 2bedrooms

Rental Value $663 - $980

Parking Surface 18 spots

Heating System Electric (Radiant)

Laundry Common pay per use

Construction Concrete & Concrete block

Appliances 15 stoves
15 fridges
2 washers, 2 dryers

Listing Provided By

Nick Carere Remax Twin City Realty Inc.