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133 Albert St 4 Unit Apartment Building $1,288,039 USD ($322,010 USD/Unit) 6.39% Cap Rate Waterloo, ON N2L 3T2
INVESTMENT HIGHLIGHTS
- Excellent location close to both universities.
- All bedrooms are above grade.
- This building is fully rented.
EXECUTIVE SUMMARY
AAA Location!!! Less than 1 minute walk to the Universities...Deceivingly large, all bedrooms are above average in size, old house character and charm with an addition and updates, not your typical cookie cutter box. Renovated lower unit, very large backyard, lot's of outdoor space, 2 driveways with lot's of parking. Legal fourplex(no License or annual fee required), 15 students total. Always rented!!! Students love this building the two primary things that students are looking for is a nice clean apartment with a good size bedroom, 2nd is to get up and get to school fast with the lease amount of effort. This building has both.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$112,410
|
$23.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$112,410
|
$23.63
|
| Taxes |
$11,415
|
$2.40
|
| Operating Expenses |
$18,769
|
$3.95
|
| Total Expenses |
$30,184
|
$6.35
|
| Net Operating Income |
$82,226
|
$17.29
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $112,410 |
| Annual Per SF | $23.63 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $112,410 |
| Annual Per SF | $23.63 |
| Taxes (USD) | |
|---|---|
| Annual | $11,415 |
| Annual Per SF | $2.40 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $18,769 |
| Annual Per SF | $3.95 |
| Total Expenses (USD) | |
|---|---|
| Annual | $30,184 |
| Annual Per SF | $6.35 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $82,226 |
| Annual Per SF | $17.29 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+2 | 3 | - | 1,567 - 1,854 |
| 1+1 | 1 | - | 467 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Biker's Paradise (94)
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133 Albert St
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