This is a great building, in an up and coming area, with price per door below market price. Some units can also be converted to add additional bedrooms to maximize cash flow.
The building has 8 units, half of them have been fully renovated with brand new kitchen areas, wall paintings, hardwood floors, and well as 3-piece bathrooms. The building was fully tenanted, with an anticipated $132K+ 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.
8 units, half of them have been fully renovated with brand new kitchen areas, wall paintings, hardwood floors, and well as 3-piece bathrooms. Fully tenanted, with an estimated $132K+ 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 $914,500 Estimated short term capital: $686K Estimated long term capital: $296K Strong yearly rental income, with anticipated $132K+/yr Estimated ROI 15%