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Key Details
Sold Price $865,000
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 2,176 sqft
Price per Sqft $397
MLS Listing ID 40647293
Bedrooms 4
Year Built 1912
Annual Tax Amount $5,169
Property Description
Welcome to the money maker on Main, 801 Main St E, this exceptional four-unit property close to downtown Hamilton and in the heart of Gibson neighbourhood with a very short walk to Gage Park. Total GROSS INCOME OF $72,000, you don't want to miss the chance to add this property to your portfolio. Interest rates coming down will only improve the already great cash flow on this one. All units contain updated kitchens with quartz countertops. Bathrooms are updated as well. Unit 1 is a 1 bed 1 bath with its own in-suite laundry. Unit 2 is a spacious 2-bed 1-bath layout with an outdoor patio space and its own in-suite laundry. Unit 3 is a good-sized bachelor unit with a great patio space for entertaining. Unit 4 is located in the basement and is a 1 bed 1 bath. Unit 3 & 4 share laundry. Plumbing and wiring have been recently updated. The property contains 4 SEPARATE HYDRO METERS. Don't miss the opportunity to secure a high cash flow property in a thriving area that is walking distance to two proposed LRT stops!
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning DE-2
Rooms
Kitchen 0
Interior
Heating Forced Air, Natural Gas
Cooling None
Laundry In-Suite, Shared
Exterior
Garage Asphalt
Waterfront No
Roof Type Asphalt Shing
Building
Lot Description Rectangular, Public Transit
Story 2.5
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
New Construction No
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