Hamilton L8L 5Z4
Canada

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 7 BR
Bathrooms: 3
Pets: No Pets Allowed

Financials

Price:C759,900
($551,991)
(€470,208)
Annual Taxes:C3,099.07
505 Park Ave, New York, NY 10022

Investment opportunity with CAP rate of 6.

Description

Investment opportunity with CAP rate of 6.5%! This cash-positive certified legal duplex with a third unit generated $5,939 per month, or $71,268 gross annually in 2024. 2025 income/expense will almost be identical to 2024. This well maintained investment property features 2 hydro meters complete with two 100 amp breaker panels, 3 rear parking spots, a furnace installed in 2022(10 year transferable warranty), tankless rental hot water heater 2023, and a flat roof redone in 2022. The dry basement, offers separate side entrance, includes coin-operated laundry with average 50 per month revenue and ample storage space and optional fourth rental unit addition to boost your income/property value. A major renovation, completed with permits, included updates to copper wiring, copper plumbing, ABS drain system, windows and drywall construction. All units are rented with leases in place. Ultra low vacancy rate(1%) over past 12 years. This smoke-free and pet-free property is an exceptional investment opportunity with a positive cash flow. Private/Self represented buyers are also welcome.

Amenities

  • Accessory Apartment
  • Carbon Monoxide Detectors
  • Countertop Range
  • In-Law Suite
  • On Demand Water Heater
  • Separate Hydro Meter
  • Smoke Detector
  • Storage
  • Storage Area Lockers
  • Water Heater
  • Water Meter
  • Year Round Living

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.