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.
Must make appointment for showings. Best times are Wednesday 6 pm to 8 pm, Saturday 10 am to 12 pm, Sunday 1 pm to 3 pm. Tenants on main floor would like to stay.
City: Hamilton
Neighborhood: Blakeley
Located at 260 Prospect St S , this Hamilton house was listed for $749,000. This house's size is 1100-1500 Sqft. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: Living, Br, 2nd Br, Kitchen, Dining, Living, Br, Br. This property comes with 4 parking spots. 260 Prospect St S, Hamilton is situated in the Blakeley neighbourhood.
MLS#: X8084644 · $749,000 · 3 bedroom house in Blakeley, Hamilton