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BEDROOMS5
BATHROOMS4
KITCHENS12
ROOMSX5450492
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-12-07 | 2022-02-18 | 73 | $995,000 | - | Terminated |
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Property Description
4 Unit Multiplex. Four 2 Bedroom Units All Currently Rented With Extremely Undermarked Rent. Two Units On The Main Floor Includes A Finished Basement. All Units Have A Private Washroom. Every Unit Has Separate Hydro Meter, Landlord Pays Gas And Water. 4 Parking Spots. New Furnace Installed 5 Years Ago.
Extras
Great Opportunity For Investors. Cash Flow Positive. Great Location And Huge Upside Opportunity With Some Tlc.
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Similar Listings
Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood.
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