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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,399,999
Cap Rate
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
Welcome to 170-172 Markland Street, Hamilton - a turn-key 6-unit investment property located in the sought-after Durand South neighbourhood of Hamilton West. This well-maintained property features two bachelor units and four two-bedroom units, most with hardwood flooring throughout. The basement offers shared laundry facilities, while the two-car garage provides additional storage or potential for extra rental income. Tenants are solid and units are easy to rent, making this an ideal opportunity for both seasoned investors and those new to multifamily ownership. The property sits on a good-sized lot with a beautifully landscaped front yard that adds great curb appeal. Conveniently located near all amenities, transit, and downtown Hamilton, this property represents a rare opportunity in one of the city's most desirable neighbourhoods. Don't wait on this one - a fantastic income property in a prime location! (id:39198)
Location
Province
Ontario
City
Hamilton
Address
Markland
Postal Code
L8P2K5
Location Highlights
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Listed by
RE/MAX Escarpment Realty Inc. Ontario listing
Category
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
0
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
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,399,999
Asking Price
$1,399,999
Cap Rate
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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NOI
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
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
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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