540 KING ST E

Hamilton

,

Ontario

Rare and spectacular investment opportunity offered at a true 6.7% cap rate and only $230k per unit! This fully-rebuilt property is comprised of 36 beautiful apartments (24 X 1-bed, 12 X 2-bed) in two buildings. All units are separately metered for hydro and water, so the landlord pays nothing but house hydro! Completely rebuilt with permits in the last 5 years, this low-maintenance property boasts new plumbing, electrical, HVAC, kitchens, bathrooms, windows, fire and security systems, roof, and more! No elevators, parking lots, or balconies to worry about. Just enjoy the incredible cashflow and strong appreciation. Further upside may be realized by renting the new storage lockers to tenants. Situated on the future LRT transit route, this beautiful property is close to everything. Full data room is available for easy diligence - including a recent clean Phase 1 Environmental. This fully-leased property is being offered at this price for a very limited time for a quick sale. This will sell quickly - it is the best value on the market today! (id:6355)

Listing ID: X8271812 Transaction Type: For sale Bedrooms: Bathrooms: Kitchens: Constructed Date: Maintenance Fee: / Maintenance Type: Land Size: Land Size Total Text: 120 x 128.42 FT Land Size Irregular: 120 x 128.42 FT Building Size Interior: 26436 sqft Building Utility Water: Municipal water Building Heating Type: Building Cooling Type: Fully air conditioned Building Fixture: Land Sewer: Storage Type: Courtesy Of: SOTHEBY'S INTERNATIONAL REALTY CANADA Basement:

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Community: Landsdale

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