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. (id:47423)
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Detailed Information
Bedrooms
9
Lot
25.5 x 102.17 ft
Amenities Nearby
Public Transit
Listing Contract Date
2025-01-08
Location Description
Westinghouse Ave
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
M6
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Cooling Type
Partially air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Size (Exterior)
2084 square feet
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
Bldg=25.58 x 102.22 FT
Amenities
Public Transit
Size of Irregular Land
Bldg=25.58 x 102.22 FT
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