Investment opportunity on Hamilton Mountain! This property features six well-maintained residential units & 1 commercial lease, all fully tenanted, ensuring immediate rental income. Additionally, the property includes a billboard lease, further enhancing the income potential. Impressive overall cap rate of 6.05%, this property promises substantial returns. The residential units offer a mix of layouts 2- 2 bedrooms, 3- 1 bedrooms & 1 Bachelor, catering to diverse tenant needs, and are situated in a desirable neighborhood with easy access to amenities, public transport, and major highways. 8 parking spots. Don't miss out on this exceptional opportunity to expand your portfolio with a property that combines stability, growth potential, and a prime location on Hamilton Mountain. |
Price | $1,799,900 |
Taxes: | $9472.00 |
Tax Type: | Annual |
Occupancy by: | Tenant |
Address: | 570 Upper Wellington St , Hamilton, L9A 3P9, Ontario |
Postal Code: | L9A 3P9 |
Province/State: | Ontario |
Lot Size: | 50.00 x 127.00 (Feet) |
Directions/Cross Streets: | Brucedale |
Category: | Apartment |
Use: | Apts-6 To 12 Units |
Building Percentage: | Y |
Total Area: | 5500.00 |
Total Area Code: | Sq Ft |
Financial Statement: | Y |
Chattels: | Y |
Franchise: | N |
Rail: | N |
Heat Type: | None |
Central Air Conditioning: | N |
Elevator Lift: | None |
Sewers: | Sanitary |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX ESCARPMENT GOLFI REALTY INC. |
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Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | Hamilton |
Municipality: | Hamilton |
Neighbourhood: | Centremount |
Lot Size: | 50.00 x 127.00(Feet) |
Tax: | $9,472 |