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8 + 2
BEDROOMS6
BATHROOMS4 + 2
KITCHENS16 + 6
ROOMSX8174774
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-03-26 | 2024-04-28 | 33 | $1,699,000 | $1,670,000 | Sold |
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Property Description
Lucrative 6-Unit Investment Opportunity With Excellent Cash Flow. Located In A Fantastic East Hamilton Mountain Location Close To Schools, Public Transit, Shopping And All Amenities. This 2.5 Storey All-Brick Walk-Up Apartment Building Has Been Well Maintained And Offers Low Maintenance Terrazzo Stairs And Hallway Floors. There Are Two Updated Boilers And A New Water Heater (All Owned Equipment). Most Units Have Been Renovated And The Building Has Quiet, Respectful Tenants. There Are 6 Large Parking Spaces For The Tenants As Well As A Detached Garage That Can Be Used For Storage Or As Additional Income. This Rare Investment Opportunity Is Presented With A 5.3% Cap Rate And Potential For Vtb Financing Up To 75%.
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