$2,100,000

60 Marshall Street

Waterloo ON, N2J 2T4

Description

$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. 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 buildings financial statement to unlock tremendous, additional value: increase rents significantly on re-rental while offloading utility costs to new tenants.

Details

MLS#40012093
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1959
Days On Site58

Features

Units4
Building(s)1
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Area Information
ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2J 2T4
Area1 - Waterloo East
Listing VS Median (in N2J 2T4)
Price:
$2,100,000
low | high
Med:
$2,100,000
50% of Average
On Site:
58
low | high
Med:
58
100% of Average
Listing Updated: 10/27/2020
MIKE MILOVICK LogoMLS Number: 40012093
Listing Provided By:
MIKE MILOVICK  of  ROYAL LEPAGE GRAND VALLEY REALTY
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