158 HUNTER Street E

Hamilton, Ontario L8N1M7

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$999,999

2,384.96 sqft

~~$1,049,000~~ ( 4.67%) View price history

Today: -

This week: -

This month: 4.67%

Since listed: 4.67%

$90,840 GROSS ANNUAL RENT | $71,929 NET INCOME | 6.86% CAP RATE AT CURRENT LIST PRICE. A compelling opportunity for investors seeking strong cash flow without taking on a major renovation project. Configured & operated as four self-contained rental suites, the property has undergone extensive upgrades, including: new roof & eaves, furnace & A/C, sewer line to the City, updated copper water line, backwater valve, 200-amp electrical service with separated panels, updated plumbing, windows, HVAC distribution, foundation restoration, exterior grading correction, and significant interior renovations. City inspected during permitted renovations in compliance with fire/life-safety upgrades consistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately 2,385 sq ft (MPAC), with in-suite laundry throughout, updated kitchens & bathrooms, and excellent tenant appeal. Located in Corktown steps from Hamilton GO Centre, St. Joseph's Healthcare, parks, the rail trail, Augusta Street restaurants, and downtown. Full income and expense breakdown available. (id:54619)

General Info

Appliances: Water meter, Water softener

Basement: Full (Unfinished)

Building Type: Row / Townhouse

Total Stories: 3

Utilities: ElectricityNatural GasTelephone

Amenities Nearby: Hospital, Park, Place of Worship, Public Transit, Shopping

Parking: None

Rooms

Second level: 2pc Bathroom; 4'3'' x 3'8''

: Living room; 15'3'' x 8'1''

: Kitchen; 18'2'' x 9'0''

: Bedroom; 11'4'' x 9'7''

: 3pc Bathroom; 6'6'' x 5'1''

: Living room; 11'11'' x 9'3''

: Kitchen; 11'11'' x 8'9''

Third level: 3pc Bathroom; 10'5'' x 5'7''

: Bedroom; 26'10'' x 17'7''

Basement: Storage; 11'1'' x 10'6''

: Other; 38'2'' x 16'7''

: Utility room; 7'6'' x 5'8''

Main level: Foyer; 21'6'' x 5'9''

: Storage; 9'11'' x 3'7''

: Bedroom; 12'4'' x 11'9''

: 3pc Bathroom; 8'2'' x 7'1''

: Living room; 11'11'' x 9'5''

: Kitchen; 11'11'' x 8'1''

: 3pc Bathroom; 7'5'' x 7'3''

: Great room; 11'3'' x 10'8''

: Kitchen; 15'6'' x 11'3''

Other Details $90,840 GROSS ANNUAL RENT | $71,929 NET INCOME | 6.86% CAP RATE AT CURRENT LIST PRICE. A compelling opportunity for investors seeking strong cash flow without taking on a major renovation project. Configured & operated as four self-contained rental suites, the property has undergone extensive upgrades, including: new roof & eaves, furnace & A/C, sewer line to the City, updated copper water line, backwater valve, 200-amp electrical service with separated panels, updated plumbing, windows, HVAC distribution, foundation restoration, exterior grading correction, and significant interior renovations. City inspected during permitted renovations in compliance with fire/life-safety upgrades consistent with multi-residential standards, including hardwired smoke detectors and fire-rated insulation/drywall between suites. Approximately 2,385 sq ft (MPAC), with in-suite laundry throughout, updated kitchens & bathrooms, and excellent tenant appeal. Located in Corktown steps from Hamilton GO Centre, St. Joseph's Healthcare, parks, the rail trail, Augusta Street restaurants, and downtown. Full income and expense breakdown available. (id:54619)