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. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
50 x 127 ft
Listing Contract Date
2024-05-24
Location Description
URBAN
# of Parking Spaces
8
Property Type
Other
Transaction Type
For sale
Zoning Description
C5
Business
Business Type
Other
Building
Cooling Type
None
Heating Type
No heat
Size (Exterior)
5000 square feet
Type
Commercial Mix
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
50 x 127 | under 1/2 acre
Sewer
No sewage system
Size of Irregular Land
50 x 127
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