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(905) 526-4837
Real Estate Company
58 ARTHUR Avenue North, Hamilton, Ontario L8L6C5
Listing courtesy of eXp Realty.
- $725,000
- 4
- BD
- 4
- BA
- 1,996
- SqFt
- List Price
- $725,000
- MLS®
- 40872311
- Days on Market
- 10
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 1,996
- Lot Size Dimensions
- 0.05
- Lot Size
- 2,178
- Subdivision
- 200 - Gibson/Stipley
Property Description
Turnkey 4-unit investment in Hamilton's Gibson neighbourhood. This legal duplex plus 2 additional units offers a total of 4 self-contained units, fully tenanted and ready for the next owner to take over. Fully renovated in 2021, all units feature modern finishes including quartz countertops, stainless steel appliances, vinyl plank flooring, subway tile backsplashes and renovated bathrooms. The main floor (Unit 1) is a 1 bed, 1 bath, the second floor (Unit 2) is a 2 bed, 1 bath, Unit 3 is a bachelor with 1 bath, and the basement (Unit 4) is a 1 bed, 1 bath. Current gross rent is $5,585/month ($67,022/year), current net operating income is approx. $53,564/year, a 7.4% cap rate. Income and expense summary available on request. The property has 2 hydro meters and 2-car parking at the rear, accessible from both the front and the back of the property, plus street parking. Close to King St E shops and transit, the future LRT line, schools and parks, with downtown Hamilton minutes away. (id:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- 200 - Gibson/Stipley
- Parking Spaces
- 2
- Cooling
- Central air conditioning
- Country
- Canada
- Sewer
- Municipal sewage system
- Heating
- Forced air, Natural gas
- Total Number Of Units
- 4
- Stories
- 2.5
- Lot Size
- 2,178
