50 SOMERSET Avenue

Hamilton, Ontario L8L2L5

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$549,900

2,073.99 sqft

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FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start. (id:54619)

General Info

Appliances: Refrigerator

Basement: Full (Finished)

Building Type: House

Total Stories: 2.5

Utilities: Natural Gas

Attached Structures: Porch

Amenities Nearby: Public Transit, Schools, Shopping

Rooms

Second level: 4pc Bathroom; 10'6'' x 8'5''

: Bedroom; 13'11'' x 9'9''

: Living room; 10'11'' x 8'11''

: Kitchen; 6'5'' x 6'10''

Third level: Bedroom; 18'7'' x 13'9''

Lower level: Utility room; 11'10'' x 6'10''

: 3pc Bathroom; 6'10'' x 5'2''

: Bedroom; 17'5'' x 5'11''

: Living room; 23'4'' x 10'10''

: Kitchen; 7'2'' x 1'0''

Main level: Laundry room; 2'6'' x 2'5''

: 3pc Bathroom; 11'1'' x 3'5''

: Bedroom; 10'0'' x 9'9''

: Kitchen; 14'11'' x 10'0''

Other Details FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start. (id:54619)