260 PROSPECT ST S

Hamilton, Ontario, L8M2Z9, Canada

$697,000

Legal duplex!!! Calling all investors looking for opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighborhood. This property is fully leased, collecting approximate $41,000 annually with an NOI of $31,700 offering a compelling ROI, boasting a cap rate around 4.2%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can live in one unit while collecting rent thereby reducing their monthly expenses between $1,500 to $2,000/m. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.

Last updated on : Wednesday 3rd of April 2024 01:44:52 AM

ADDRESS

Street : 260 PROSPECT ST S

City : Hamilton

Province : Ontario

Country : Canada

Postal Code : L8M2Z9

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PROPERTY SUMMARY

Property ID : X8152754

Building Type : Duplex

Property Type : Single Family

Bedrooms : 3 + 1

Bathrooms : 2

Parking : 4

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