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216 Wentworth Street N Hamilton, Ontario L8L 5V8

5038
3 Level, Multi-Unit Hot Water Radiator Heat

$1,125,000

This FULLY RENOVATED 6 plex is perfect for the turnkey investor who wants little to zero capital expenses. Sit back and enjoy the maximized rental income. Hamilton cap rates are moving downward! As cap rates decrease values increase. A great opportunity for the right investor. Tenants pay hydro. Gross rents of $81,960. Current cap rate of 5.5 All new kitchens, all renovated bathrooms, flooring throughout, Natural Gas Boiler, Updated wiring and plumbing. Windows and Roof (Aprx 2002). In-house coin laundry plus much more! Up and coming neighbourhood near the Hamilton Waterfront Revitalization Area. Walkscore of 85/100 Close to Hamilton General Hospital and Ron Joyce Childrens Health Centre. Walk to restaurants, schools, and parks. RSA (id:23876)

Business

Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number H4061385
Equipment Type None
Features Double Width Or More Driveway, Paved Driveway, Laundry- Coin Operated
Parking Space Total 3
Property Type Multi-family
Rental Equipment Type None

Building

Appliances Dryer, Refrigerator, Stove, Washer
Architectural Style 3 Level, Multi-unit
Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Style Attachment Detached
Exterior Finish Brick
Fire Protection Fire Alarm System, Smoke Detectors
Fireplace Present No
Foundation Type Unknown
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 3
Size Interior 5038
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 48 Ft
Size Irregular 48 X 100
Size Total Text 48 X 100|under 1/2 Acre

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21047022

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