90 Sherman Avenue N, Hamilton (Stipley), Ontario

About 90 Sherman Avenue N

90 Sherman Avenue N Hamilton is an investment property. Turnkey legal triplex in Hamilton's north end - and the strongest cash-flow play in this portfolio at a 8.97% cap rate on current in-place rents. This fully-tenanted, six-door property generates $58,500 in gross annual rent and $44,850 NOI, all for an asking price of $499,900.Configured as three self-contained units across six rentable rooms, the building is 100% occupied and cash-flowing from day one. With five of the six doors on fixed-term leases and one already month-to-month, there's a clear, low-risk path to lifting income further as tenancies turn and rents reset to market. Recently replaced mechanicals - a new hot-water tank and furnace (2021) - mean minimal near-term capital outlay, so a new owner can focus on income growth rather than deferred maintenance. Situated in an appreciating lower-city pocket close to transit, schools, and everyday amenities, 90 Sherman offers the rare combination of high current yield, upside at turnover, and a hands-off, fully-leased operation. Ideal for an investor. (id:6289)

More Info on this Stipley Triplex MLS® listing

90 Sherman Avenue N is a triplex listing for sale in Hamilton (Stipley). The MLS® number is X13522306. It features 7 bedrooms, 3 bathrooms. It's currently listed for $499,900. For more details on MLS® X13522306, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This triplex listing in Stipley is available now!

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