Rarely offered Hamilton Purpose-Built 9-Unit Building in Central Hamilton! 9 x 1 Bedroom units with separate hydro meters, 6 balconies, and 11 parking spaces. Mix of renovated and unrenovated units. 4/9 units renovated offering potential for 28% upside on rents. Gross income $147,097, potential $188,880. 3 vacant units upon possession. Low maintenance building with brick and concrete construction and terrazzo floors. Many recent updates including Roof (2012), Boiler (2012), Boiler Pumps (2023), Fire Systems (2021), Mailboxes (2020), windows/doors, and more. Coin laundry onsite in addition to in-suite laundry in renovated units. Clean Phase 1 available (2017). Situated in the heart of Hamilton's Business District close to Jackson Square, Hamilton GO Centre, Hamilton General Hospital, and multiple transit stops ideal for tenants. Some photos have been virtually staged. Financials available upon request. (id:47421)
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Detailed Information
Bedrooms
9
Bathrooms
9
Lot
54.5 x 156.08 ft
Listing Contract Date
2024-11-21
Location Description
Main St E / Victoria Ave N
# of Parking Spaces
11
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
D
Building
Amenities
Separate Electricity Meters, Separate Heating Controls
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