182 12th St
Hanover, Hanover
$1,300,000
Buy with Dwelly and Save $13,000
Home Details
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Listing Description
Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6.38% CAP rate with further upside to push the CAP rate above 7.0%. This property has R5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, projecting a robust yearly income of $100,620.00 against low 2024 operating expenses of $17,686.12. A breakdown of these financials can be obtained by your REALTOR. Formerly the Hanover Lutheran Church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand hot water system (domestic and in-floor heating), siding, an outside stairway, updated appliances, electronic deadbolts, and cosmetic upgrades. With nine parking spaces and a split utility structure (landlord pays water/sewer, tenants pay hydro; main floor and second level units pay gas heat, landlord pays in-floor gas heat in two level units), this is a turn-key investment.
Fridges & Stoves, 2 wardrobes in Unit 6
City: Hanover
Neighborhood: Hanover
Property History
Rooms
Room dimensions for 182 12th St, Hanover
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 182 12th St is 6904
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $1300000 |
| Down Payment | $260000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1040000 |
Monthly Payment
| Mortgage Payment | $6409 |
| Property Taxes | $496 |
| Maintenance Fees | $0 |
| Monthly Payment | $6904 |
About 182 12th St, Hanover
Located at 182 12th St , this Hanover house is available for sale. This property was listed for $1,300,000 on Wed Oct 01 2025. This house's size is 2500-3000 Sqft. It has 6 bedrooms and 6 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 9 parking spots. 182 12th St, Hanover is situated in the Hanover neighbourhood.
MLS#: X12436997 · $1,300,000 · 6 bedroom house in Hanover, Hanover