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$ 875,000
Est. payment | /mo
9 Beds
6 Baths
$ 875,000
Est. payment | /mo
9 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Gibson
MLS Listing ID X11997323
Style 3-Storey
Bedrooms 9
Annual Tax Amount $4,727
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Appraised for $975k in Aug 2024. Financials available upon request.
Location
Province ON
County Hamilton
Community Gibson
Area Hamilton
Zoning M6
Rooms
Family Room No
Basement None
Kitchen 6
Interior
Interior Features Other, Separate Heating Controls, Separate Hydro Meter
Cooling Wall Unit(s)
Inclusions 6 x Fridge, 6 x Stove, Coin Washer/Dryer, Unit 5 Furnishings, Unit 6 Furnishings
Exterior
Parking Features Private Double, Available
Pool None
Roof Type Asphalt Rolled
Lot Frontage 25.58
Lot Depth 102.22
Total Parking Spaces 4
Building
Foundation Other
Others
Senior Community No
Listed by Keller Williams Signature Realty, Brokerage