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 & 19th room!
Built-in Microwave, Carbon Monoxide Detector, Dishwasher, Dryer, Freezer, Garage Door Opener, Microwave, Range Hood, Refrigerator, Smoke Detector, Stove, Washer, Window Coverings, Other, Negotiable
City: Hamilton
Neighborhood: Jerome
Located at 171 Stone Church Rd E , this Hamilton house went off the market on null. This house's size is 60 x 123.8 Acres. It has 16 bedrooms and 4 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 6 parking spots. 171 Stone Church Rd E, Hamilton is situated in the Jerome neighbourhood.
MLS#: X12008328 · $1,299,900 · 16 bedroom house in Jerome, Hamilton