This is a great building, in an up and coming area, with price per door below market price. The building is divided into three self-contained sections with six units each. Some units can also be converted to add additional bedrooms to maximize cash flow.
The building has 18 units, half of them have been renovated, with only minor interior upgrades needed. The building is fully tenanted, with an anticipated $280K+ yearly rental income. This building is close to major transit, 5 min away from downtown Hamilton. In addition, it is walking distance to Tim Hortons Field, church, schools, restaurants, parks, and public transit stations.
18 units, half of them have been renovated with only minor interior upgrades needed. Fully tenanted, with an estimated $280K+ annual rental income. Close to major transit, 5 min away from downtown Hamilton. Walking distance to Tim Hortons Field, church, schools, restaurants, parks, and public transit stations.
Purchase roughly 2.35M Estimated short term capital: $1.37M Estimated long term capital: $870K Strong yearly rental income, with anticipated $280K+/yr Estimated ROI 15%