Legal duplex!! Calling all investors looking for an opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighbourhood. This property is fully leased, collecting approximately $41,000.00 annually with an NOI of $31,700 offering a compelling ROI, boasting a cap rate around 4.2%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can live in one unit while collecting rent thereby reducing their monthly expenses between $1,500 to $2,000 per mo. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its's gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.
Property Features
- Date Listed: Thursday, February 22, 2024
- City: Hamilton
- Neighborhood: Blakeley
- Major Intersection: Cumberland Avenue
- Living Room: Main
- Kitchen: Main
- Living Room: Upper
- Listing Brokerage: Harvey Kalles Real Estate Ltd. - Disclaimer: The information contained in this listing has not been verified by Harvey Kalles Real Estate Ltd. and should be verified by the buyer.
