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6-Plex For Sale in Hamilton, ON

590 Main Street East
List Price
$1,850,000
Sandra Ruysam

647-799-3657

Questions? Want to book a showing?

8
Bedrooms

7
Bathrooms

5,562
Square Feet

44.5’ x 125’
Lot Size

2 Storey Split

Built in
1940

$6,818
Annual Taxes

Description

ATTENTION INVESTORS! Investment Opportunity!

6Plex is fully renovated in the heart of Hamilton downtown. This fully tenanted property features six residential units, two 2-bedroom and four 1-bedroom units. Building currently grosses $10.590/month, 5.38% cap rate with 20% down at a 4.75% interest rate (30-year amortization). The building features brand new mechanical room, new plumbing, new electric, furnace, roof, luxury vinyl plank flooring, stainless steel appliances, and a coin-laundry in the basement. With a bus stop at doorstep, the area is known for its eclectic mix of shops, cafes, and restaurants, this property offers tenants a vibrant lifestyle with plenty of conveniences. Additionally, it is adjacent to the beautiful Gage Park, providing residents with easy access to green spaces, recreational activities, and community events. With its ideal location and mix of unit types, this property is perfectly positioned for sustained rental income and potential growth. Don't miss out on the chance to add this exceptional property to your investment portfolio.

Property Features

Property Type 6-Plex / Apartment / Multi-Family

Ad Type For Sale

Parking Parking Lot

Asking Price $1,850,000

Location

Address 590 Main Street East

Neighbourhood Unspecified

City Hamilton

Province / State Ontario

Postal / ZIP L8M1J6

Country Canada

Bathroom Types

Bathroom 1 3pc Bathroom

Bathroom 2 3pc Bathroom

Bathroom 3 3pc Bathroom

Bathroom 4 3pc Bathroom

Bathroom 5 3pc Bathroom

Bathroom 6 3pc Bathroom

Bathroom 7 2pc Bathroom

Map & Buyer Tools

FSBO ID 920379
Contact Seller
Sandra Ruysam
647-799-3657