Presenting 141 Chandler Drive in Kitchener. This five-unit multi-family building was expertly overhauled in 2019 including all new wiring and panels, HVAC systems for each unit, and new hot water heaters. Each unit was separately metered for hydro and tastefully refinished with open-concept layouts, new kitchens and bathrooms. A two-bedroom unit and two one-bedroom units make up the long-term rentals. The two bachelor apartments have their own walkout decks and are currently operated as profitable and professionally managed AirBnB units easily outperforming the larger long-term units in monthly income. Between the AirBnB manager and a long-term property manager also available, this property can be run hands-free for the discerning investor. With nearly 90k in net-operating income, the CAP rate and return on investment are excellent. Contact the listing agent for a list of income and expenses and a ProForma for investors to consider. Tenants appreciate a bus stop on the corner, amenities a short walk away and quick access to the expressway. All offers to be considered Wednesday, April 20th, 2022, the Seller reserves the right to reject or accept any offer. AGENTS: All showings through showingtime.Com or 1-855-356-3491Show Description MLS® Number40240360
Laundry LevelCommon Area, In Basement, Shared
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementWalk-Up Access, Full, Finished
DrivewayIn/Out Parking, Asphalt
Garage Spaces
Heat
A/C
Heating Fuel
Hot Water Tank Owned, Smoke Detector, Window Coverings, For A Complete Copy Of Financial Records Contact The Listing Agent For A Copy Of The Proform, Profit And Loss.
