Size
-
Lot size
2615 sqft
Street frontage
W
Possession
Immediate
Price per sqft
$360 - $450
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. Financials available upon request.
EXTRAS:
EXTRAS:
Broker: Keller Williams Signature Realty, Brokerage
MLS®#: X11914138
Property details
Parking:
4
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
3-Storey
MLS Size:
2000-2500 sqft
Lot front:
26 Ft
Lot depth:
102 Ft
Listed on:
Jan 9, 2025
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Instant estimate:
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$17,240
lower than listed pricei
High
$910,803
Mid
$881,760
Low
$848,696
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