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X5273371
$1,650,000

392 Erb St W (Erb St. W & Fischer-Hallman Rd)

Price: $1,650,000

Status: Sale Pending 

MLS®#: X5273371

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$1,650,000
  • Tax: $8,004 (2020)
  • City:Waterloo
  • Type:Residential
  • Style:Fourplex (2-Storey)
  • Beds:9+5
  • Bath:5
  • Size:3000-3500 Sq Ft
  • Basement:Finished (Full)
  • Age:51-99 Years Old

Features:

  • ExteriorBrick, Stucco/Plaster
  • HeatingForced Air, Gas
  • Sewer/Water SystemsSewers, Municipal
  • Lot FeaturesGolf, Library, Public Transit, Rec Centre, School, School Bus Route

Listing Contracted With: RE/MAX ABOUTOWNE REALTY CORP., BROKERAGE

Description

Fully Leased & Reno'd 4-Plex In Desirable Waterloo. Close Proximity To The Universities, Highway Access And Dt Waterloo. Features Two 5 Bed Units, One 4 Bed Unit, And A Bachelor. Current Gross Monthly Rental Revenue Of $8,550 Results In Projected Annual Noi Of $77K And Is Priced At An Approximate 4.7% Cap Rate. Current Owner Invested In A New Roof, Attic Insulation, All Windows & Doors, Parking Lot Extension, Sub-Metering, Fire & Life Safety Systems.


Highlights

The Owners Also Made Substantial Renos To Each Suite With High-End Finishes Throughout, Including New Kitchens (Cabinets, Undermount Sinks, Hard-Surface Countertops, S/S Appliances, New Bathrooms, In-Suite Laundry And Flooring Throughout.

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Rene Illescas

Sales Representative

Re/Max Aboutowne Realty Corp., Brokerage

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