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$1,700,000
Available - For Sale
Listing ID: X11909029
Prime value-add opportunity! This 8-unit apartment building offers tremendous upside, with the potential to add a 9th unit for increased cash flow. With 3 vacant units, this property presents immediate potential to set market rents and optimize tenant mix. Each unit is separately metered for hydro, giving you flexibility to minimize expenses. The property features 8 outdoor parking spaces to enhance tenant convenience. With strategic upgrades and management, this property can be brought to its full potential in a high-demand rental market. A rare opportunity to create substantial value.
Price $1,700,000
Taxes: $16,476
Tax Type: Annual
Occupancy by: Tenant
Address: 2342 King St East , Hamilton, L8K 1X7, Ontario
Postal Code: L8K 1X7
Province/State: Ontario
Legal Description: PT LT 32, CON 3 SALTFLEET, AS IN CD40349
Lot Size: 47 x 125 (Feet)
Directions/Cross Streets: Parkdale Ave. S. & King St. E.
Zoning: H, E-2
Category: Apartment
Building Percentage: Y
Total Area: 6,953.48
Total Area Code:  Sq Ft
Taxes Expense: $16476
Insurance Expense: $6448
 Heat Expenses: $6007
 Hydro Expense:  $984
Water Expense: $17972
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Heat Type: Gas Hot Water
Central Air Conditioning: Part
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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MYSAK REALTY INC.

2342 King St East , Hamilton, L8K 1X7, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Glenview
Style:
Lot Size: 47.00 x 125.00(Feet)
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Tax: $16,476
Maintenance Fee: $0
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Baths: 8
Garage: 0
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Maria Tompson
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Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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