Located in a sought-after neighbourhood, this well-maintained multiplex offers a prime opportunity for investors looking for consistent income in a high-demand area with easy access to public transit. With a total annual rental income exceeding $114,000, this property boasts a strong return on investment and competitive Capitalization Rate of 6% (after vacancy). The solid brick building features two 1-bedroom apartments, three 2-bedroom apartments, and one 3-bedroom apartment-- each with functional layouts and durable finishes, ensuring long-term tenant satisfaction. Each unit enjoys spacious living areas, parking, ample natural light, coin-operated laundry, and access to nearby amenities, making this building highly desirable. With its unbeatable location close to public transportation, shopping, dining, and recreational areas, this building stands out as an exceptional investment in a thriving community. The solid brick construction and updates including new roof shingles in 2018 and new security system in 2019, provide stability and low maintenance, while the current rental income offers immediate cash flow. Don’t miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio. (id:4069)
Address
253 MOHAWK Road E
List Price
$1,350,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
11
Bathrooms
6
Floor Area
3,800 Sq. Ft.
Year Built
1963
MLS® Number
40798741
Listing Brokerage
The Agency
| RE/MAX Escarpment LEADEX Realty
Basement Area
Full (Partially finished)
Postal Code
L9A2H5
Zoning
E
Site Influences
Hospital, Public Transit, Shopping
Features
Laundry- Coin operated
