5.6% cap rate with upside on all rents. Stunning 16 unit apartment building. 10 x 1 Bedroom, 6 x 2 Bedroom. Room to grow your income with this value add opportunity. Hydro separately metered. Plumbing upgraded to copper except for 2 units. Close to public transportation. Property being offered at roughly $181k/door. Data room and full financials available. Two Vacant Units. (id:50886)
BusinessType | Residential |
BusinessSubType | Apartments |
MLS® Number | X10408730 |
Property Type | Multi-family |
Community Name | Central |
Appliances | Dryer, Refrigerator, Stove, Two Washers |
CoolingType | Partially Air Conditioned |
HeatingType | Hot Water Radiator Heat |
Type | Multi-family |
UtilityWater | Municipal Water |
Acreage | No |
SizeDepth | 45 Ft ,7 In |
SizeFrontage | 90 Ft |
SizeIrregular | Bldg=90 X 45.66 Ft |
SizeTotalText | Bldg=90 X 45.66 Ft |
ZoningDescription | De-2 |
https://www.realtor.ca/real-estate/27619738/107-109-balsam-avenue-s-hamilton-central-central
Contact us for more information
Joe Mysak
Broker of Record