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41-43 Albert Street

Albert St, Bakeley, Hamilton, ON, L8M 2Y2

-
Beds
-
Baths
$3,700,000
List Price
Details
Photos
36
Comparables
History
41-43 Albert Street, Hamilton, ON - 1 of 3
41-43 Albert Street, Hamilton, ON - 2 of 3
41-43 Albert Street, Hamilton, ON - 3 of 3
48 days on market

Quick Summary

  • Fully renovated 13-unit building
  • Excellent 5.1% capitalization rate
  • Hydro paid by tenants in all units
  • 12 one-bedroom and 1 four-bedroom units
  • Heat pumps installed in each unit
  • Completely renovated kitchens and bathrooms
  • Excellent, long-term tenants
  • Heavy lifting of renovations already completed

13 unit - fully renovated building. 5.1 % cap rate - does not include rent for 1 unit as 1 unit is unregistered and needs complete renovation. Cap rate will increase once you are able to get the 13 unit legal and renovated. Hydro paid by tenants. 12 x 1 Bed, 1 x 4 Bed. Each unit has heat pump. All kitchens and bathrooms completely... Show More

13 unit - fully renovated building. 5.1 % cap rate - does not include rent for 1 unit as 1 unit is unregistered and needs complete renovation. Cap rate will increase once you are able to get the 13 unit legal and renovated. Hydro paid by tenants. 12 x 1 Bed, 1 x 4 Bed. Each unit has heat pump. All kitchens and bathrooms completely renovated (except 1 unit). Excellent tenants. Beautiful renovations completed. A long term hold building with all the heavy lifting completed. (id:54626)

Property Details

Lot

Size
1202′0″ * 541′0″
Acres
-

Heating & Cooling

Heating
Other
Cooling
Fully air conditioned

Utilities

Water
Municipal water
Sewer
-

Source

Listing Brokerage

MLS® Listing
X10406029
Last Updated
November 4, 2024
Brokerage
MYSAK REALTY INC.
Powered by: REALTOR.ca
Call us 800-591-0566

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