Discover a prime multi-family investment at 10 Austin Dr. in Waterloo. This purpose-built 16-unit apartment building sits on a 0.379-acre lot and offers a strong rental income stream with a highly desirable unit mix of 15 two-bedroom units and 1 one-bedroom unit.
The building features 18 outdoor unassigned parking spaces and is serviced by 19 individual hydro services, with single water and sewer connections and electric heating throughout. The property’s compact yet efficiently utilized lot size presents excellent management opportunities.
Additionally, 10 Austin Dr. is part of a larger 45-unit portfolio of three buildings, all being sold collectively, providing investors the chance to acquire a substantial multi-residential portfolio in one transaction. More information on the full portfolio can be found on the dedicated listing page below.
Located in a desirable Waterloo neighborhood, this property provides convenient access to local amenities, schools, and public transportation, making it an attractive option for tenants. Assessed at $1,762,000 for 2024, with annual taxes of $33,709.74, this well-maintained building is an excellent long-term investment opportunity with room for growth. Contact us today to learn more and arrange a viewing.
