KWC Waterloo - $2,100,000 20 Student Fourplex One Block from WLU and 15,000 Students

[Mike Milovick]

$126,000+ Scheduled Gross Income 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 2004. In floor heating in the lower levels of Units A and D. Five surface parking spots.

Great central location with close proximity to Uptown and walking distance to both Universities.

RMU-20 zoning may allow for further, future re-development. Original building expanded and significantly renovated in 2004. Rental-licensed exempt building! Written leases in place to end of April, 2021.

Positive cash flow with just 20 percent down. Investor work sheet with full financials applied to contemporary financing available! Optimize the building’s financial statement to unlock tremendous, additional value: increase rents significantly on re-rental while offloading utility costs to new tenants.