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Apartment Building For Sale at 269 MONTMORENCY DRIVE in Hamilton, Ontario

New
4 Sale ID #242098
Updated 20 Jun 2024

Asking Price

$764,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Discover a prime investment opportunity in the highly sought-after Red Hill and King's Forest neighbourhood of Hamilton, Ontario! This recently converted and legally registered duplex offers two beautifully renovated units, both currently tenanted by A++ occupants. Enjoy nearly $4,200 in monthly revenue, making this an ideal choice for investors. Alternatively, live in one unit and rent out the other for steady income. Looking to maximize your ROI? The expansive 50'x100' lot and detached garage present endless possibilities for additional revenue streams. Consider building a garden suite or renting out the garage for extra income. Don't miss out on this exceptional opportunity! (id:39198)

  • MLS® : #X8295196
  • Date Listed : 01 May 2024

Location

Province

Ontario

City

Hamilton

Address

269 Montmorency Drive

Postal Code

L8K5H3

Location Highlights

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Listed by

ROCK STAR REAL ESTATE INC. Ontario listing

Category

apartment-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

1,054

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$764,900

Asking Price

$764,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

1,054

Other Information

Owner willing to Finance

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Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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