KWC - Waterloo - Entry Level Student Apartment Building $1,160,000

Mike Milovick

Inspired Forum Member
REIN Member
Mar 15, 2008
Waterloo, Ontario, Canada
$109,000+ Annualized Gross Income Available Here! Super clean, entry level student apartment building. Seller has spent tens of thousands of dollars on recent improvements including interior, interconnecting corridor (to ensure property remains rental license exempt), new laundry room, unit storage rooms, LED motion lighting, master key system. Contemporary feel with vinyl plank flooring (January, 2016) in lower unit, new broadloom (January, 2016) in other units. "Classic" unit of building recently renovated - refinished thin plank wood floors, new vinyl plank laminate, new kitchen cabinetry, freshly painted - unit is ready for immediate re-entry into rental market. New furnace (January 2016). Plenty of parking - with easy access in and out of lot. New asphalt (2015). Large lot. Seller has owned property for many, many years. Historically strong cash flow. Better than brand new with ownership pride evident! Close to UW, Uptown, and on bus route. Truly turn key building. Shows AAA.

Investor Work Sheet available as attachment.

For details:

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