Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters. Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Financials available upon request.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Last updated by owner on Aug 9, 2023.
Property details
Public facts
Beds: —
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Style: Single Family Residential
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Home facts updated by public records on Aug 9, 2023
Around this home
Schools
0.3km
Cathy Wever Elementary Public School
Public, JK-8 • Assigned
0.8km
Cathedral High School
Public, 9-12 • Assigned
Provided by Local Logic
Lifestyle
Provided by Walk Score and Local Logic
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