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

  • phone: 2262181528
  • mobile: 2262181528

Overview

328 Regina St. N., Waterloo, ON

MLS®#: 1017899
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SOLD
  • +1
  • Property Value$1,899,000
  • Property Address328 Regina St. N., Waterloo, ON, Canada
  • TypeMulti-Family
  • BasementNo Values ...
  • Year Built1972
  • Taxes$30,736
  • Lot Frontage126 ft
  • Lot Depth172 ft

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.

 Real Estate Listing provided by
  • Nick Carere
  • Phone: 2262181528
  • Mobile: 2262181528
  • Office Phone: 2262181528
  • Realocity Realty Inc.