2342 King Street, Hamilton, ON Image 1

$1,300,000

Multiplex For Sale
MLS - #X11996790
Mar 3- By MYSAK REALTY INC.

2342 King Street, Hamilton, ON L8K 1X7

10 Bed
8 Bath
None Garage

Property Description

Property type

Multiplex

Lot size

N/A

Style

2-Storey

Approx. Area

N/A Sqft

About 2342 King Street

Prime value-add opportunity! This 8-unit apartment building offers tremendous upside, with the potential to add a 9th unit for increased cash flow. With 3 vacant units, this property presents immediate potential to set market rents and optimize tenant mix. Each unit is separately metered for hydro, giving you flexibility to minimize expenses. The property features 8 outdoor parking spaces to enhance tenant convenience. With strategic upgrades and management, this property can be brought to its full potential in a high-demand rental market. A rare opportunity to create substantial value.

Home Overview

Last updated

Mar 3

Virtual tour

None

Basement information

Finished with Walk-Out

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:Finished with Walk-Out
Cooling:Window Unit(s)
Heating:Water
Parking Features:Available
1
Similar Homes Found
$999,000
Average Price
30.1%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

Walking Icon

Walk Score for 2342 King Street

Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$4965.12/ month
$1,040,000 Principal and Interest
$1,248,000 Property Taxes

Some information about this property - King Street

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