Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 - 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see attachments for a complete list of recent updates. With extensive maintenance completed and tenants in good standing, this property offers a turnkey investment opportunity for savvy investors seeking long-term cashflow and appreciation. Potential upside on interior cosmetic updates. Financials attached. Offers welcome any time! |
Price | $730,000 |
Taxes: | $3236.76 |
DOM | 10 |
Occupancy by: | Tenant |
Address: | 487 Cannon St East , Hamilton, L8L 2E5, Ontario |
Lot Size: | 20.00 x 95.00 (Feet) |
Directions/Cross Streets: | Sanford Ave N/Cannon St E |
Rooms: | 17 |
Rooms +: | 3 |
Bedrooms: | 5 |
Bedrooms +: | 1 |
Kitchens: | 3 |
Kitchens +: | 1 |
Family Room: | N |
Basement: | Apartment, Finished |
Property Type: | Detached |
Style: | 2 1/2 Storey |
Exterior: | Brick |
Garage Type: | None |
(Parking/)Drive: | Pvt Double |
Drive Parking Spaces: | 2 |
Pool: | None |
Property Features: | Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School |
Fireplace/Stove: | N |
Heat Source: | Gas |
Heat Type: | Forced Air |
Central Air Conditioning: | None |
Laundry Level: | Lower |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RIGHT AT HOME REALTY |
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Book Showing | Email a Friend |
Type: | Freehold - Detached |
Area: | Hamilton |
Municipality: | Hamilton |
Neighbourhood: | Gibson |
Style: | 2 1/2 Storey |
Lot Size: | 20.00 x 95.00(Feet) |
Tax: | $3,236.76 |
Beds: | 5+1 |
Baths: | 4 |
Fireplace: | N |
Pool: | None |