102 Rosslyn Avenue N, Hamilton (Crown Point), Ontario

About 102 Rosslyn Avenue N

102 Rosslyn Avenue N, Hamilton is an investment property within a portfolio. A five-door rooming house with a self-contained basement unit, offered at a 6.10% in-place cap rate on current rents. This property generates $54,660 in gross annual rent and $41,460 NOI, with one door currently vacant and ready for immediate lease-up. The upper floors offer four main rooms, one with a private bath, above a separate 2-room basement unit with its own layout. Recent capital upgrades - a new water heater and furnace, in-suite washer and dryer, and central heat and A/C - mean minimal near-term capital outlay for a new owner, and 2-car parking adds a rentable amenity. Four of the five upstairs doors are already month-to-month, giving a new owner substantial room to reset rents to market across the upper unit on standard notice. The separate basement unit is currently vacant and available for immediate lease-up at an asking rent of $1,350/month, adding a distinct income stream that can be repositioned independently of the rest of the property. (id:6289)

More Info on this Crown Point House MLS® listing

102 Rosslyn Avenue N is a house listing for sale in Hamilton (Crown Point). The MLS® number is X13541340. It features 4 bedrooms, 3 bathrooms. It's currently listed for $649,000. For more details on MLS® X13541340, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This house listing in Crown Point is available now!

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