KWC - Waterloo - 15-Student Triplex - $76,000+ Potential Gross! $799,900

[Mike Milovick]

$76,000+ Potential Gross Annualized Income Available here! Fully rented with leases in place until at least May, 2017. Generous positive cash flow, purpose-built, student triplex that features three, City Approved Class D2 rental licenses for five rental bedrooms per unit! 15 rental bedrooms total! Turn Key operation. Opportunity to increase income. Tens of thousands of dollars spent in recent updates including: modernized kitchens with granite countertops, dishwashers and contemporary white kitchen cabinetry. New laminate flooring throughout common areas and hallways, recently rebuilt side staircase/deck, professionally landscaped exterior, freshly painted units and hallway, new air conditioning units. Located on oversized lot with a large parking lot in the rear. Coin laundry. Four separate electrical meters. Each unit has its own water heater. Walk Score of 90 (Walker's Paradise) means this property is situated close to everywhere your tenants' want to be - WLU, Uptown and transportation! Located in one of the Perennially Best Cities in Canada to invest in.

Investor work sheet available as attachment.

For more details:
http://www.teammilovick.com/listings/listings/on/waterloo/52-noecker-street?listingId=5796309


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