Active
540 KING ST E
Hamilton Ontario, L8N1E2
$8,285,000
Active
Residential
Courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA
Rare and spectacular investment opportunity offered at a true 6.7% cap rate and only $230k per unit! This fully-rebuilt property is comprised of 36 beautiful apartments (24 X 1-bed, 12 X 2-bed) in two buildings. All units are separately metered for hydro and water, so the landlord pays nothing but house hydro! Completely rebuilt with permits in the last 5 years, this low-maintenance property boasts new plumbing, electrical, HVAC, kitchens, bathrooms, windows, fire and security systems, roof, and more! No elevators, parking lots, or balconies to worry about. Just enjoy the incredible cashflow and strong appreciation. Further upside may be realized by renting the new storage lockers to tenants. Situated on the future LRT transit route, this beautiful property is close to everything. Full data room is available for easy diligence - including a recent clean Phase 1 Environmental. This fully-leased property is being offered at this price for a very limited time for a quick sale. This will sell quickly - it is the best value on the market today! (id:41202)
X8271812
MLSⓇ ID
April 25, 2024
Listed
April 26, 2024
Updated
Map
540 KING ST E
Hamilton Ontario, L8N1E2
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Fully air conditioned
Heating
No
Exterior/Building Features
Other Property Details
Garage
No
View
No
Pool
No
Courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA, MARTINUS DOMINICUS GELEYNSE,
Listing Contact: (905) 537-4819
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