5000 sqft
None
No Heat
$1,799,900
Investment opportunity on Hamilton Mountain! This property features six well-maintained residential units & 1 commercial lease, all fully tenanted, ensuring immediate rental income. Additionally, the property includes a billboard lease, further enhancing the income potential. Impressive overall cap rate of 6.05%, this property promises substantial returns.The residential units offer a mix of layouts 2- 2 bedrooms, 3- 1 bedrooms & 1 Bachelor, catering to diverse tenant needs, and are situated in a desirable neighborhood with easy access to amenities, public transport, and major highways. 8 parking spots. Don't miss out on this exceptional opportunity to expand your portfolio with a property that combines stability, growth potential, and a prime location on Hamilton Mountain. (id:56248)
Business
Property Details
MLS® Number
|
H4195164 |
Property Type
|
Other |
ParkingSpaceTotal
|
8 |
Building
CoolingType
|
None |
HeatingType
|
No Heat |
SizeExterior
|
5000 Sqft |
SizeInterior
|
5000 Sqft |
Type
|
Commercial Mix |
UtilityWater
|
Municipal Water |
Parking
Land
Acreage
|
No |
Sewer
|
No Sewage System |
SizeDepth
|
127 Ft |
SizeFrontage
|
50 Ft |
SizeIrregular
|
50 X 127 |
SizeTotalText
|
50 X 127|under 1/2 Acre |
ZoningDescription
|
C5 |
https://www.realtor.ca/real-estate/26941907/570-upper-wellington-street-hamilton