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107-109 Balsam Avenue S

Balsam Ave S, Stipley, Hamilton, ON, L8M 3B2

-
Beds
-
Baths
$2,899,000
List Price
Details
Photos
26
Comparables
History
107-109 Balsam Avenue S, Hamilton, ON - 1 of 3
107-109 Balsam Avenue S, Hamilton, ON - 2 of 3
107-109 Balsam Avenue S, Hamilton, ON - 3 of 3
New
4 days on market

Quick Summary

  • Profitable 16-unit apartment building
  • Upside potential with rent increases
  • Separately metered hydro for efficiency
  • Upgraded plumbing with copper pipes
  • Conveniently located near public transit
  • Priced at $181k per unit
  • Data room and full financials available
  • Two vacant units for immediate income

5.6% cap rate with upside on all rents. Stunning 16 unit apartment building. 10 x 1 Bedroom, 6 x 2 Bedroom. Room to grow your income with this value add opportunity. Hydro separately metered. Plumbing upgraded to copper except for 2 units. Close to public transportation. Property being offered at roughly $181k/door. Data room and full... Show More

5.6% cap rate with upside on all rents. Stunning 16 unit apartment building. 10 x 1 Bedroom, 6 x 2 Bedroom. Room to grow your income with this value add opportunity. Hydro separately metered. Plumbing upgraded to copper except for 2 units. Close to public transportation. Property being offered at roughly $181k/door. Data room and full financials available. Two Vacant Units. (id:54626)

Property Details

Lot

Size
1080′0″ * 547′0″
Acres
-

Heating & Cooling

Heating
Hot water radiator heat
Cooling
Partially air conditioned

Utilities

Water
Municipal water
Sewer
-

Source

Listing Brokerage

MLS® Listing
X10408730
Last Updated
November 7, 2024
Brokerage
MYSAK REALTY INC.
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Call us 800-591-0566

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