420 East 42nd Street
Hamilton, ONTARIO L8T 3A9

Description

Fantastic Investment Opportunity!! Solid, Very Clean and Exceptionally Well Maintained Residential Apartment Building. Property Zoned for 22 Units - currently consists of 23 Units. 22 Units - 2Bedrm & 1 Unit - 3 Bedrm. Located on Hamilton Mountain in an Excellent Rental Area. Near Shopping, Schools, Public Transit and the LINC. Estimated Net Income = $178,000 . Over $500,000 in Renovations & Upgrades in 2013 including: Roof, Windows, Balconies, Siding, Brickwork Re-pointing, Washrooms, Plumbing and more. 23 Fridges, 23 Stoves & Coin Laundry Equipment Included. Fully Tenanted. Substantial UPSIDE POTENTIAL in 14 of the 23 Units. All measurements & square footage are approximate and to be verified by Buyer. All other information provided by Seller or Listing Brokerage to be Verified by Buyer. ALLOW 72 HRS. IRREVOCABLE ON ALL OFFERS. Include Schedule B & O.S.D. (Form 801) with all Offers. 48 HRS. NOTICE REQUIRED FOR ALL SHOWINGS.

Details

MLS#H4053940
Sub-TypeResale
StatusContingent
Days On Site91

Features

SQ Feet18,000
Units23
Building(s)1

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Area Information

ProvinceOntario
CountyHamilton
CityHamilton
Postal CodeL8T 3A9
AreaHamilton
Listing VS Median (in L8T 3A9)
Price:
$3,900,000
low | high
Med:
$3,900,000
50% of Average
SqFt:
18,000
low | high
Med:
18,000
50% of Average
$ / SqFt:
$217
low | high
Med:
$217
50% of Average
On Site:
91
low | high
Med:
91
100% of Average
Listing Updated: 08/20/2019
MLS Number: H4053940
Listing Provided By:
Andrew Ielasi  of  Corona Realty Inc.
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.