Property type
Multiplex
Lot size
N/A
Style
3-Storey
Approx. Area
3000-3500 Sqft
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. Appraised for $975k in Aug 2024. Financials available upon request.
Last updated
4 days ago
Virtual tour
None
Basement information
None
Building size
--
Status
In-Active
Property sub type
Multiplex
Maintenance fee
$N/A
Year built
2024
Sales Representative, Dolphin Realty Inc
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