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INVESTORS DREAM "Cash Flow Positive" LEGAL 4-PLEX" in Hamilton!! Purchased in 2022, the building had been completely gutted and fully renovated from top to bottom!! Most importantly, The building nets $140,000+ annually!!! (See Income/Cash Flow Sheet) Giving it a current cap rate of 7.5% Enjoy the income of an 8-plex with the minimal maintenance of 4 units! This 4-Plex has been designed professionally and legally re-built from the brick in. Everything is new: New roof, new windows, new eavestroughs, new plumbing, new HVAC, new furnaces, new A/C's, new decking, new fire escapes, spray-foam insulation, basement waterproofing, concrete, sump-pump, weeping tiles, custom kitchens, quartz countertops, luxury vinyl, hardwood staircases & railings, maintenance free landscaping, and much, much more!! All work completed legally with permits!! Upper unit spans 2 floors, 1300 sq ft and is a 2 bdrm 1 bath, with loft. The main unit is a 2 bdrm 1 bath. Both units have in-suite laundry. Plus: 2 new executive studio suites below Fitted for laundry. 2 parking spots on-site, leased parking spots available behind the house if needed. Hydro separately metered.This Smart Building is outfitted with security cameras, alarm system, lights, thermostats and door locks all controlled right from your phone. BONUS: free street parking located close by. Don't miss this turn-key, maintenance-free, investment opportunity...all the work has been done for you! Alternatively enjoy the large upper unit for yourself and rent the 3 units below to live mortgage free!! Building can be sold furnished and vacant. Book your showing today! (40104308)
Property Type
Multi-family
Annual Property Taxes
$3,239 (CAD)
Time on REALTOR.ca
5 days
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