133-135 WELLINGTON ST N, Hamilton, Ontario, L8R1N4 Hamilton ON CA
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Property Details
12
7
Beasley
Unfinished, N/A
Single Family
Description
Massive opportunity to sever this double lot legal fourplex into 2 duplexes and sell them for around $650k-$700k each. Or live in the vacant 4 bed 2 bath apartment and let the other 3 apartments pay your mortgage. Or rent out all 4 units for one of the highest cashflowing properties you will find in this price range. Current rents: Unit 1: $1500 + Hydro, Unit 2: $1750 + Hydro, Unit 3: $1600 + Hydro, Unit 4: is vacant (fair market rent is around $2450 + hydro). All units are above ground, 4,935 sq ft + unfinished basement. 2 Brand new High efficiency furnaces. Sandwiched between 2 highrise buildings makes for incredible land value alone. Detached garage in the back could mean extra storage income or just demo it and create 3 more parking spots. High cashflow even with current mortgage rates. Main floor has two 2 bedroom apartments, upper levels have two 4 bedroom apartments.**** EXTRAS **** 2 Brand new furnaces, 4 fridges, 4 stoves, washer, dryer, 2 hot water tanks (id:1937) Find out more about this property. Request details here
Location
Address
Wellington Street North, Hamilton, Ontario L8L 8E7, Canada
City
Hamilton
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