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KWC - Waterloo - 5 Bedroom Student Rental - $24,000 Potential Gross - $247,900

Mike Milovick

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Mar 15, 2008
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Nearly $24,000 Potential Gross Annual Income Available here! Current tenants in place until end of April, 2016. Monthly rent is $1985 plus utilities (cable/internet paid by owner). Over $5000+ positive cash flow after debt service with just 20% down. This is an ideal opportunity for a handyman/renovator looking to build net worth by capitalizing on their renovation abilities. This property has a rare Class D2 license(license number: which allows for up to five rental bedrooms. Some big ticket items have been done: newer roof (2014), newer windows, newer eaves trough. Owner enclosed the car port for covered storage. Basement walk-up here and basement bedrooms have subfloors. Located on student-recognizable street just fifteen minute walk to University of Waterloo.

Investor work sheet available as attachment.

For more details:
http://www.teammilovick.com/listings/listings/on/waterloo/97-churchill-street?listingId=4387657
97 Churchill St.jpg
[URL='http://www.teammilovick.com/listings/listings/on/waterloo/59-william-street-w?listingId=3767794']More Great Properties here:
www.teammilovick.com

Why Invest in Waterloo?
http://www.wearewaterloo.ca/en/index.asp

Legend Award Recipient
"Are Your Real Estate Needs Being Serviced By A Legend?"[/URL]
 

Attachments

  • Investor Work Sheet 97 Churchill Street, Waterloo.pdf
    792.8 KB · Views: 1
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