albert st

0 Bedroom Real Estate has been listed for sale at 400 Albert St in Waterloo for $XX,XXX,XXX. Chat with a local expert, book a tour.

400 Albert St, For Sale in Waterloo - eXp Commercial Brokerage

400 A & B Albert Street provides the opportunity to acquire two student housing assets in Waterloos thriving academic precinct. 400 Albert offers 109 bedrooms across two buildings on 0.7 acres. The property is strategically positioned within 1-2 kilometers of University of Waterloo, Wilfrid Laurier University, and Conestoga College, which collectively serve ~70, 000 full-time students.

Two Well Maintained Student Residences Astride Albert Street - The Primary Artery Of Waterloo'S Northdale Student District. A Total Of 109 Bedrooms To Be Found Here, All Within A 15 Minute Walk Of The Main Campuses Of Both Major Waterloo Universities, And 20 Minutes From Conestoga College'S New Campus On University Avenue East. A Short Walk To The Region'S New Lrt Service, Linking Students To Amenities Throughout The Twin Cities. Strong Annual Net Operating Income Is North Of $550k, And Professionally Managed By Waterloo Off-Campus Housing (Woch), With Offices Just Five Minutes Away On Columbia Street. (Id:15898)

Uncover an extraordinary student rental investment opportunity at 400 Albert St, Waterloo. This property is a rare multi-unit treasure that holds immense financial potential for savvy investors. Comprising an impressive 109 units, this real estate gem features a diverse mix of accommodations, including 26 spacious 4-bedroom units, a generous 3-bedroom unit and a cozy 2-bedroom unit. The location is nothing short of ideal, situated just 1 kilometer from the renowned University of Waterloo, 950 meters from Wilfrid Laurier University and a short 2.1 kilometers from Conestoga College. What sets this property apart from the competition? It's the unique combination of factors that make this investment a standout. First, the numbers: The current rental rates are already attractive for seasoned investors seeking to calculate cap rates and cash flow returns. These figures alone would capture the attention of any investor. However, what truly elevates this investment to the next level is the fact that these rents are currently below market value. This presents a golden opportunity for savvy investors to maximize their long-term returns. Long-term potential: Beyond the immediate financial gains, the long-term potential of this investment is where it truly shines. With tenant turnover rates approximately 25-35% per year, you have the unique advantage of adjusting rents upward as turnover occurs, thereby optimizing your income. This not only ensures a steady cash flow but also allows you to offer quality housing to students from three prestigious institutions, enhancing the desirability of your units in the long run. These real estate investment opportunities are rare. The potential for substantial returns, both now and in the future, makes 400 Albert St an essential addition to your investment portfolio. Act quickly, book a showing and secure this ticket to supercharging your real estate portfolio and unlocking a future filled with financial success and growth. (id:15898)

400 Albert St, Waterloo, ON

Real Estate

Key Facts

Description

Included in Maintenance Fee

Utilities

Extras

Similar Listings

Like what you see?