188-190 CAROLINE Street S, Hamilton, ON L8P3L2
188-190 CAROLINE Street S, Hamilton, ON L8P3L2
188-190 CAROLINE Street S, Hamilton, ON L8P3L2
188-190 CAROLINE Street S, Hamilton, ON L8P3L2
188-190 CAROLINE Street S, Hamilton, ON L8P3L2
188-190 CAROLINE Street S, Hamilton, ON L8P3L2
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Laxman Hanmaiahgari

Laxman Hanmaiahgari

+1(778) 223-8193
$ 1,199,000
Est. payment | /mo

7 Beds

5 Baths

3,256 SqFt

Save Virtual Tour
$ 1,199,000
Est. payment | /mo
Save Virtual Tour

7 Beds

5 Baths

3,256 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3256

Square Footage 3,256 sqft

Price per Sqft $368

Subdivision 122 - Durand North

MLS® Listing ID 40862614

Bedrooms 7

Property Sub-Type Freehold

Property Description

6% cap rate. $91,650 in annual rent from four leased units in Hamilton's popular Durand Neighbourhood. You get a legal 4-plex built, fully tenanted, producing $71,970 in net operating income. All four tenants pay their own hydro, so your utility exposure stays small and easy to predict. The expensive work is already behind you. Parapet walls and chimney have been re-built, and the water line has been upgraded to 3/4 copper. 4 card parking sits at the rear. The unit mix protects your income: one 3 bedroom, one 2 bedroom, two 1 bedrooms. Four separate tenancies means no single vacancy takes out your cash flow. Each unit has kept its own character, which is what holds good tenants in place. Walk to Locke St S, James St S, Hess Village, St. Joseph's Hospital, downtown Hamilton, transit, parks and schools. Durand is one of the tightest rental pockets in the city, on a quiet tree-lined street. Two of the four rents are under market so there's upside for the future in the numbers. Book your showing this week. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air,

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

Virtual Tour https://dl.dropboxusercontent.com/scl/fi/9s7ye026f1re6nz9ed4ft/189-Caroline-St-S-Video.mp4?rlkey=0iqu23wh2947zr2zjzgdstojm&raw=1

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NEARBY SCHOOLS & PROPERTIES

Laxman Hanmaiahgari

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(778) 223-8193

info@laxmanhomes.com

# 500 666 Burrard Street, Vancouver, Columbia V6C3P6, Canada

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188-190 CAROLINE Street S