+15 more
9
Bedrooms
6
Bathrooms
2,750 sqft
Living Area
1963
Year Built
6
Parking
About This Property
This 9-bedroom, 6-bathroom multiplex in Hamilton offers 2,750 sqft of living area. Built in 1963, 2 storeys. The home features other, a apartment, full basement. Highlights include a 6-car garage.
MLS Remarks
Located in a sought-after neighbourhood, this well-maintained multiplex offers a prime opportunity for investors looking for consistent income in a high-demand area with easy access to public transit. With a total annual rental income exceeding $114,000, this property boasts a strong return on investment and competitive Capitalization Rate of 6% (after vacancy). The solid brick building features two 1-bedroom apartments, three 2-bedroom apartments, and one 3-bedroom apartment-- each with functional layouts and durable finishes, ensuring long-term tenant satisfaction. Each unit enjoys spacious living areas, parking, ample natural light, coin-operated laundry, and access to nearby amenities, making this building highly desirable. With its unbeatable location close to public transportation, shopping, dining, and recreational areas, this building stands out as an exceptional investment in a thriving community. The solid brick construction and updates including new roof shingles in 2018 and new security system in 2019, provide stability and low maintenance, while the current rental income offers immediate cash flow. Don’t miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio. (id:60351)
Overview
Property Typeresidential
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