Renovated 6-plex on a large lot in central Kitchener. Strong ~5.3% cap rate with verified financials and a quality tenant profile. All 2-bed units feature private balconies, fridge, stove & basement storage. Unit 3 includes a self-controlled heat pump (tenant-paid hydro). Shared laundry in basement. Below-market rents in select units offer immediate value-add upside. Great bones, excellent condition, room to grow NOI. Financials attached! Financials (id:61499)
| MLS® Number | 40825490 |
| Property Type | Multi-family |
| AmenitiesNearBy | Airport, Park, Public Transit, Schools, Shopping |
| CommunityFeatures | High Traffic Area, Quiet Area, School Bus |
| Features | Industrial Mall/subdivision |
| ParkingSpaceTotal | 8 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | None, Wall Unit |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| StoriesTotal | 3 |
| SizeInterior | 3106 Sqft |
| UtilityWater | Municipal Water |
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Airport, Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 58 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R6 |
https://www.realtor.ca/real-estate/29677810/72-hoffman-street-kitchener
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Sam Abdallah
Salesperson
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