289-293 KENILWORTH Avenue N

Hamilton

,

Ontario

Prime investment opportunity located at one of the highest-traffic corners in the city! This fully-renovated, fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments, a strong anchor commercial tenant on the ground floor, and a brand new tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. Currently priced based on a 6.3% cap rate, this property is capable of achieving a stronger cap rate with minimal effort in the short-term. In exceptional condition, this property comes with a recent, clean Phase II Environmental. Plus, there are no parking spots, balconies, or elevators to maintain or cause issues! With significant opportunity for upside as well, this is an excellent, low-maintenance investment with a strong returns and more upside to be realized! (id:6355)

Listing ID: 40653611 Transaction Type: For sale Bedrooms: Bathrooms: Kitchens: Constructed Date: Maintenance Fee: / Maintenance Type: Land Size: Land Size Total Text: under 1/2 acre Land Size Irregular: Building Size Interior: 4200 sqft Building Utility Water: Municipal water Building Heating Type: Building Cooling Type: Building Fixture: Land Sewer: Municipal sewage system Storage Type: Courtesy Of: Sotheby's International Realty Canada, Brokerage Basement:

Your Name:
Email:	Phone:
Send me an occasional newsletter about properties in my area
No obligation. We value your privacy, and never share your information with anyone.

Community:

Powered by GAVAMEDIA®