540 KING Street E

Hamilton, Ontario, L8N1E2, Canada

$8,285,000

Rare and spectacular investment opportunity offered at a 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!

Last updated on : Thursday 25th of April 2024 03:43:57 PM

ADDRESS

Street : 540 KING Street E

City : Hamilton

Province : Ontario

Country : Canada

Postal Code : L8N1E2

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PROPERTY SUMMARY

Property ID : 40577645

Property Type : Multi-family

Bedrooms : 48

Bathrooms : 36

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