Property Details: - Type: Investment - Bedrooms: 0 - Bathrooms: 18 - MLS#: X13494508 Listed By: COMMERCIAL FOCUS REALTY INC.
18-suite apartment building located along Hamilton's Main Street East corridor. The property features a suite mix of 12 two-bedroom units, 4 one-bedroom units, and 2 one-bedroom-plus-den units. The asset benefits from separately metered hydro with tenants paying their own electricity and on-site laundry income. Recent capital improvements including upgrades to the boilers and roof. In-place rents are below market 15-20%. Purchasers should note that the current level of vacancy (7) may impact the availability and terms of CMHC financing until the vacant suites are leased and stabilized. 3 storey walk up frame building dating from the 1920's. $155,000 per suite and a 5.7% cap rate. This investment home located at 983 Main Street E, Hamilton is currently for sale and has been available on Zolo.ca for 1 day. This property is listed at $2,799,999 with an estimated mortgage of $10,306* per month. It has beds and 18 bathrooms. 983 Main Street E, Hamilton is in the Crown Point neighborhood Hamilton. Crown Point West, Crown Point East and Normanhurst are nearby neighborhoods.
