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540 KING STREET E, Hamilton, Ontario, L8N1E2

540 KING STREET E, Hamilton, Ontario, L8N1E2 (ID X8271812)
Representative
Jesse Henneveld portrait
Jesse Henneveld
Broker
RE/MAX Right Move Brokerage - Orillia
Cell: 519-721-4404
Tel: 705-325-1373

$8,285,000 - For sale

ID#:X8271812

Rare and spectacular investment opportunity offered at a true 6.7% cap rate and only $230k per unit! This fully-rebuilt property is comprised of 36 beautiful apartments (24 X 1-bed, 12 X 2-bed) in two buildings. All units are separately metered for hydro and water, so the landlord pays nothing but house hydro! Completely rebuilt with permits in the last 5 years, this low-maintenance property boasts new plumbing, electrical, HVAC, kitchens, bathrooms, windows, fire and security systems, roof, and more! No elevators, parking lots, or balconies to worry about. Just enjoy the incredible cashflow and strong appreciation. Further upside may be realized by renting the new storage lockers to tenants. Situated on the future LRT transit route, this beautiful property is close to everything. Full data room is available for easy diligence - including a recent clean Phase 1 Environmental. This fully-leased property is being offered at this price for a very limited time for a quick sale. This will sell quickly - it is the best value on the market today! (id:2471)

Property Details
  • Property Address:540 KING STREET E, Hamilton, Ontario, L8N1E2
  • Property Type:Multi-family
  • Community Name:Landsdale
  • Lot Size:120 x 128.42 FT
  • Water Type:Municipal water
Structure Details for 540 KING STREET E, Hamilton, Ontario, L8N1E2
  • Structure Style:Multi-Family
  • Floor Space:26436 sqft
  • Heating Type:Electric, Forced air
  • Cooling Type:Fully air conditioned
Amenities for 540 KING STREET E, Hamilton, Ontario, L8N1E2
  • Amenities Nearby:Public Transit
Representative
Jesse Henneveld portrait
Jesse Henneveld
Broker
RE/MAX Right Move Brokerage - Orillia
Cell: 519-721-4404
Tel: 705-325-1373
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540 KING STREET E, Hamilton, Ontario, L8N1E2

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