59 DURHAM Street , Kitchener

$725,000 / MLS® Listing #:40008048

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ATTENTION savvy investors, invest in this fully operating student rental RIGHT across the street from Conestoga Colleges growing Kitchener campus. 6.3% cap rate on day ONE!! You can literally walk to the campus in 3 minutes. The 401 is also a 1 minute drive from this property. With this MASSIVE lot size, it has potential for future development. There is still lots of room for improvements to increase rents over time which will increase the value of the property, and the cash flow. Get into this property before it sells! If youre an investor looking for massive cash flow on day one, this is it! Contact the listing agent for the financial package. (id:10452)

Property Details

Property Type Multi-family
Square Feet 1800.0000
Maintenance N/A
Days On Our Website 69
Basement Partially finished - Full (Partially finished)
Lot Dimensions 0|under 1/2 acre
Pool N/A
Area Kitchener
Air Conditioning Central air conditioning
Heating Natural gas - Forced air
Exterior Aluminum siding
Parking Spaces 7
Parking Type Gravel
Sewers Municipal sewage system
Water Municipal water


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