487 CANNON ST E, Hamilton, Ontario L8L 2E5
$730,000.00
- 6 bedrooms
- 4 bathrooms
Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 - 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see ... read more
Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 - 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see attachments for a complete list of recent updates. With extensive maintenance completed and tenants in good standing, this property offers a turnkey investment opportunity for savvy investors seeking long-term cashflow and appreciation. Potential upside on interior cosmetic updates. Financials attached. Offers welcome any time! (id:25417)
- Listing ID: X8233738
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 20 by 95 FT |
| Parking: | 2 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| HVAC: | Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | N/A (Finished) |
| Location | |
|---|---|
| City: | Hamilton |
| Province: | Ontario |
| Nearby Amenities: | Community Centre, Hospital, Park, Place Of Worship, Public Transit and Schools |
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