KWC Waterloo - $1,999,000 - Rental Licensed Exempt Apartment Building with $153,000+ Gross Income Available Here!

[Mike Milovick]

Welcome to 60 Marshall Street, Waterloo! $153,000+ Gross Annual Income is available here! This apartment building features spacious units with oversized bedrooms, massive common areas. Two bathrooms per unit. Very clean. Individual meters for water, electricity and gas. Front Roof done in 2015. Back roof done in 2020. Driveway repaved in 2020. Unit B and Unit C freshly painted. In floor heating in the lower levels of Units A and D. Great central location with close proximity to Uptown and walking distance to both Universities. With a walk score of 83 (very walkable), you are close to all the amenities that make Waterloo great: one block to Wilfrid Laurier University, a short bike ride to University of Waterloo and an easy walk to Uptown Waterloo! RMU-20 zoning may allow for further, future re-development. Original building expanded and significantly renovated in 2004. Rental-Licensed exempt building! Fully occupied with written leases in place to at least end of April, 2023. Rare, positive cash flow with 35 percent down. Investor work sheet with full financials applied to contemporary financing available! Further optimize the building’s bottom line by: offloading utility costs to new tenants on re-rental and charging for parking. Solid investment opportunity in one of the Perennially Best Towns in Ontario to Invest In! Allow me to arrange a private showing, today! Full Picture Gallery Here: Picture Gallery Contact me through email via info@teammilovick.com or call (519) 745-7000, and lets set up a showing today!