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BEDROOMS4
BATHROOMS4
KITCHENS12
ROOMSX5292871
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-07-01 | 2021-12-31 | 186 | $1,099,000 | - | Expired |
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Property Description
Opportunity Knocks! Hamilton Real Estate Is On Fire! Located In Downtown Hamilton. This Is A Multiplex Residential/Commercial Building With Great Rental Income. All Units Are Legal. Main Floor: 700 Square Feet + Basement Commercial Unit, 1 Bedroom Apartment, 1 Bachelor Apartment. Second Floor: 2 X 1 Bedroom Apartments. All Units Are Occupied. Each Unit Has Separate Hydro Meters. Near Mcmaster University, Mohawk College, Parks, Local Attractions. Highways.
Extras
All Existing Appliances. Hamilton Is Going Through Some Major Transformation. The Government Is Investing $500M Into The Entertainment Hub, $140M Into The Waterfront Development, Bell Invests $400M Into Upgrading Digital Infrastructure.
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Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,500 Unit 2: $1,640 Unit 3: $1,750. With a net annual income of $57,622 and an impressive cap rate of 4.90%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Dont miss out on this exceptional investment opportunity!
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