This Renovated Legal non-conforming 6 plex (zoning verification available) is perfect for the turn key investor who wants little to zero capital expenses and very low management responsibilities. Gross rents of $87,240. Separate Hydro meters with all tenants paying own electricity. Current cap rate of 5.5 (see financials available). 5 newly renovated kitchens, all renovated bathrooms, flooring throughout, Natural Gas Boiler, Updated wiring and plumbing. Windows and Roof (Aprx 2002). In-house coin laundry. Unit 1 superintendent maintains property, garbage, and general property management. Located in a great transitioning neighbourhood close to Hamilton General new hospital expansion. Ripple effect from the Hamilton Waterfront Revitalization Area. RSA – 24 hours notice for all showings. Showings available for 2 units, superintendant unit and renovated unit. Access to all units upon accepted offer.
Agent contactCam McCarroll