$1,197,000

214-216 Wentworth Street N

Hamilton ONTARIO, L8L 5V8

Description

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 an 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, superintendent unit and renovated unit. Access to all units upon accepted offer.

Details

MLS#H4071217
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site31

Features

SQ Feet5,038
Units6
Building(s)1

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Area Information

ProvinceOntario
CountyHamilton
CityHamilton
Postal CodeL8L 5V8
AreaHamilton
Listing VS Median (in L8L 5V8)
Price:
$1,197,000
low | high
Med:
$1,197,000
50% of Average
SqFt:
5,038
low | high
Med:
5,038
50% of Average
$ / SqFt:
$238
low | high
Med:
$238
50% of Average
On Site:
31
low | high
Med:
31
100% of Average
Listing Updated: 02/27/2020
MLS Number: H4071217
Listing Provided By:
Cam McCarroll  of  Keller Williams Complete Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.