This is a great building, in an up and coming area, with price per door below market price. All interior structures can be rebuilt and full renovations can be made to maximize cash flow.
The building has 14 units. All interior structures can be rebuilt and full renovations can be made to maximize cash flow. The building was almost fully tenanted, with an anticipated $255K+ yearly rental income. The building is close to local hospitals, and 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.
14 units, all interior structures can be rebuilt and full renovations can be made to maximize cash flow. Almost fully tenanted, with an estimated $255K annual rental income. Close to major local hospitals. 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 $1.08M Estimated short term capital: $1.75M Estimated long term capital: $1.015M Strong yearly rental income, with anticipated $255K/yr Estimated ROI 15%