13 unit - fully renovated building. 5.1 % cap rate - does not include rent for 1 unit as 1 unit is unregistered and needs complete renovation. Cap rate will increase once you are able to get the 13 unit legal and renovated. Hydro paid by tenants. 12 x 1 Bed, 1 x 4 Bed. Each unit has heat pump. All kitchens and bathrooms completely renovated (except 1 unit). Excellent tenants. Beautiful renovations completed. A long term hold building with all the heavy lifting completed.
MLS# | X10406029 |
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Listing Type | For Sale |
Style | Other |
Sub-Type | Resale |
Status | Active |
Days On Site | 169 |
Listing Provided By | MYSAK REALTY INC. | Not Provided |
Basement | Y |
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Zoning | D/S-1822 |
Province | ON |
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County | Hamilton |
City | Hamilton |
Postal Code | L8M |
Area | Hamilton |
Community Name | Blakeley |
Listing VS Median (In Blakeley) | |
Price: $3,700,000 low | high Med: $0 On site: 169 low | high Med: |