Hamilton 9-unit Multifamily

Not on MLS®

$2,200,000

For Sale: Multifamily in Hamilton, ON

Anthony Spano

Realtor

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Description

Rarely offered Purpose-Built 9-Unit building in Central Hamilton!. This property features 9x1-Bedroom units with separate hydro meters, 6 balconies, and 11 parking spaces. Potential to add value with 4 out of 9 units renovated offering a potential 28% upside on unrenovated rents. Gross income once fully occupied is $147,097 with a potential of $190,680. One unit vacant on possession. This low maintenance double-rick and concrete construction building boasts terrazzo floors and has all major Capex completed including a roof (2012), boiler (2012), oiler umps (2023), fire systems (2021), mailboxes (2020), windows, doors, and more. Amenities include coin laundry onsite and in-suite laundry in four renovated units. A clean Phase 1 environmental assessment is available (2017). No agent. Direct buyers only. For more information contact: Anthony Spano, BComm Salesperson Royal LePage Your Community Realty, Brokerage with Listing Brokerage KELLER WILLIAMS SIGNATURE REALTY, BROKERAGE JAKE NOVIS List Salesperson

Location & nearby

This listing is located in Hamilton, ON L8L 5E5

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