Property Information:
INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 9th room. The possibilities are endless with this one! (id:27)
Building Features:
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Style:
Detached
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Building Type:
House
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Basement Development:
Finished
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Basement Type:
N/A
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Construction Style - Attachment:
Detached
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Exterior Finish:
Brick
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Fireplace:
Yes
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Floor Space:
1999.983 - 2499.9795 sqft
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Foundation Type:
Block
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Heating Type:
Radiant heat
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Heating Fuel:
Natural gas
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Appliances:
Dishwasher, Dryer, Freezer, Garage door opener, Microwave, Hood Fan, Stove, Washer, Window Coverings, Refrigerator