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$1,999,900
Est. payment /mo
18 Beds
14 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X12318036
Style 2-Storey
Bedrooms 18
Building Age 51-99
Annual Tax Amount $27,946
Tax Year 2024
Property Sub-Type Multiplex
Property Description
**CAP RATE 7.47% Very strong annual income $211,659, can be purchased with property management company in place. DUPLEX + 12-PLEX - ATTENTION INVESTORS! Unique real estate assembly on 14 Brubacher St. (Duplex) and 16-18-20 Brubacher St. consisting of 4 bachelor units, 6 one-bedroom units and 2 two bedroom units sold together. All tenants pay their own hydro with 14 separate hydro meters, newer furnaces, 1 shared washer and dryer at 12-plex and parking for 11 vehicles total. 3 hot water tanks 1 rented and 2 owned. Half of the units have seen upgrades in last couple of years. Ideally positioned in the heart of Kitchener's Central Frederick neighborhood. Located within walking distance of the LRT, & close to the University of Waterloos School of Pharmacy, this area is close to major employers such as Google & the Innovation Centre, & provides easy access to Toronto via the nearby GO Train. The neighborhood is bustling with cultural attractions including Centre in the Square, Kitchener Market, The Museum, Library, & dining options. Its a thriving hub of innovation/growth, further enhanced by Victoria Park & Kitchener Auditorium, adding to the area's appeal. 4 units are currently vacant and can be shown anytime.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 16
Separate Den/Office 9
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 91.7
Lot Depth 115.88
Total Parking Spaces 11
Building
Unit Features Park,Public Transit,School
Foundation Other
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Listed by RE/MAX TWIN CITY REALTY INC.