Active
540 KING Street E
Hamilton Ontario, L8N1E2
$8,285,000
$313.40 per sqft
Active
48 Beds
36 Baths
26,436 sqft
Residential
Courtesy of Sotheby's International Realty Canada, Brokerage
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! (id:41202)
40577645
MLSⓇ ID
April 25, 2024
Listed
May 9, 2024
Updated
Map
540 KING Street E
Hamilton Ontario, L8N1E2
Interior Features
Total Stories
3
Bedrooms
48
Total Bathrooms
36
Fireplace
No
Cooling
Yes
Cooling Description
Ductless
Heating
Yes
Heating Description
Heat Pump
Exterior/Building Features
Lot Size
0.33 Acres
Sewer
Municipal sewage system
Other Property Details
Garage
No
View
No
Pool
No
Courtesy of Sotheby's International Realty Canada, Brokerage, Martinus Geleynse,
Listing Contact: (905) 537-4819
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