6Plex Fully Renovated and tenanted!
6-Plex
Bedrooms
8
Bathrooms
7
Square Ft
5,562
Year Built
1940
About this item
ATTENTION INVESTORS! Investment Opportunity! 6Plex is fully renovated in the heart of Hamilton downtown. This fully tenanted property features six residential units, two 2-bedroom and four 1-bedroom units. Building currently grosses $10.590/month, 5.38% cap rate with 20% down at a 4.75% interest rate (30-year amortization). The building features brand new mechanical room, new plumbing, new electric, furnace, roof, luxury vinyl plank flooring, stainless steel appliances, and a coin-laundry in the basement. With a bus stop at doorstep, the area is known for its eclectic mix of shops, cafes, and restaurants, this property offers tenants a vibrant lifestyle with plenty of conveniences. Additionally, it is adjacent to the beautiful Gage Park, providing residents with easy access to green spaces, recreational activities, and community events. With its ideal location and mix of unit types, this property is perfectly positioned for sustained rental income and potential growth. Don't miss out on the chance to add this exceptional property to your investment portfolio.
