Renovated 6-plex on a large lot in central Kitchener. Strong ~5.3% cap rate with verified financials and a quality tenant profile. All 2-bed units feature private balconies, fridge, stove & basement storage. Unit 3 includes a self-controlled heat pump (tenant-paid hydro). Shared laundry in basement. Below-market rents in select units offer immediate value-add upside. Great bones, excellent condition, room to grow NOI. Financials attached! Financials (id:4555)
PROPERTY SPECS
Price $1,450,000
City Kitchener, Ontario
Address 72 HOFFMAN Street
Listing ID 40825490
Parking 8.00
Type Multi-Family
Status For Sale
EXTENDED FEATURES
Community FeaturesQuiet Area, High Traffic Area, School BusFeaturesIndustrial mall/subdivisionOwnershipFreeholdBasementFinished, FullHeating / CoolingNatural gasSewerMunicipal sewage systemParking8.00