Size
-
Lot size
242.94 sqm
Street frontage
W
Possession
Flexible
Price per sqm
$4,246 - $5,296
Taxes
$4,727 (2024)
Parking Type
-
Style
3-Storey
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Description
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.
EXTRAS:
EXTRAS:
Broker: KELLER WILLIAMS SIGNATURE REALTY
MLS®#: X10440794
Property details
Parking:
4
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
3-Storey
MLS Size:
186-232 sqm
Lot front:
7.92 M
Lot depth:
31.09 M
Listed on:
Nov 22, 2024
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Instant estimate:
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$80,993
lower than listed pricei
High
$933,783
Mid
$904,007
Low
$870,109
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