…Or more if you self manage?! Three out of four units vacant in this super central downtown Hamilton location. All units are turn key and in great shape. 10 ft ceilings in all units! At only $150k per unit, this building is a rare find.
How can you profit?
1) Cash Flowing Rental: This property will cash flow well over $1000/month, even at current interest rates. Market rents are over $1500/month for 1 bedroom units. This property meets the 1% rule! Ask to see our cash flow calculator.
2) House Hack: Great for an aspiring real estate investor who wants to break into the market! This is a legal 4 unit property, so the bank will use the potential rental income to increase your mortgage qualification. Move into one unit and rent out the other three!
SUMMARY:
– LOCATION: Hamilton, ON (Wellington & Wilson)
– PURCHASE PRICE: $599,900 Or Best Offer
– CLOSING: December 28, 2023 or January 9, 2024 (Buyer’s choice. This is an assignment sale.)
– TYPE: 2.5 Storey Semi Detached 4 Plex:
– Bachelor Unit – Vacant and Turnkey
– 1 Bed/1 Bath Unit – Vacant and Turnkey
– 1 Bed/1 Bath Unit – Vacant and Turnkey
– 1 Bed/1 Bath Unit – Tenanted at approx. $1080/month all inclusive. Great long term tenant on month-to-month
– PARKING: None
– BASEMENT: Unfinished
– LAUNDRY: None
– SQFT: 1881
– LOT: 21’ x 102’
– AGE: 1895
– PROPERTY TAX: $3000/year
– ZONING: D6
RENOVATIONS NEEDED:
– No renos required. All units turnkey.
– Some junk and furniture removal.
– Please view the pictures for ideas on what you’d like to renovate.
GOOD NEWS:
– Pick your own tenants for 3 of the units.
– HUGE cash flow opportunity. Meets the 1% rule!
– All units turnkey…no $$ or time needed for renovations.
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Deb Weir, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.