KWC - Waterloo - 5 Bedroom Vintage Investment - $30,900+ Annual Gross! $359,900

[Mike Milovick]

Over $30,900 projected gross annual income available here! This vintage century building features exceptional annual positive cash flow (over $4200+ with just 20% down) from all five bedrooms. Nice price point for freehold entry level income earner. Could also work for Parent Investor. No condo fees! Leases in place until at least end of April, 2017! Great character for the discerning investor - high ceilings, wainscoting, open concept "cottage like" main floors. Students love the stand alone "house" format. Contemporary updates include: newer roof (2013) and vinyl windows. Updated electrical panel (breakers). All rooms great size, no basement bedrooms. Walk score is 95 – Walker’s Paradise. Close to everywhere your tenants want to be, including easy walk to both Universities (steps to WLU) and Uptown Waterloo - with its abundance of shopping, dining and cultural amenities. Buy with confidence - this is a City-Approved Rental Licensed Property with a rare Class D2 license! HVAC inspection done annually. Electrical Safety Inspection done when initially rental licensed! Pre-listing, electronic inspection report available, done by Bob Johnston's Inspection Matters.

Investor worksheet available as attachment.

For more details:
http://www.teammilovick.com/listings/listings/on/waterloo/24-noecker-street?listingId=5446856

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