253 MOHAWK Road E, Hamilton, Ontario, L9A2H5

Property Description

Located in a sought-after neighbourhood, this well-maintained multiplex offers a prime opportunity for investors looking for consistent income in a high-demand area with easy access to public transit. With a total annual rental income exceeding $114,000, this property boasts a strong return on investment and competitive Capitalization Rate of 6% (after vacancy). The solid brick building features two 1-bedroom apartments, three 2-bedroom apartments, and one 3-bedroom apartment-- each with functional layouts and durable finishes, ensuring long-term tenant satisfaction. Each unit enjoys spacious living areas, parking, ample natural light, coin-operated laundry, and access to nearby amenities, making this building highly desirable. With its unbeatable location close to public transportation, shopping, dining, and recreational areas, this building stands out as an exceptional investment in a thriving community. The solid brick construction and updates including new roof shingles in 2018 and new security system in 2019, provide stability and low maintenance, while the current rental income offers immediate cash flow. Don’t miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio. (id:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: 11
• Bathrooms: 6
• Living Area: 3,800 sq ft (353.0 m²)
• Above Grade: 2,600 sq ft (241.5 m²)
• Below Grade: 1,200 sq ft (111.5 m²)
• Year Built: 1963
• Ownership: Freehold
• Parking: 6 spaces (Open)
• Frontage: 50 ft (15.2 m)

Costs

• Annual Taxes: $6,500.00

Listing Provided by: The Agency
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.