47 Nightingale Street, Hamilton (Landsdale), Ontario

About 47 Nightingale Street

47 Nightingale Street, Hamilton is an investment property within a portfolio. A four-door property combining a room-based upper unit with a self-contained basement suite, offered at a 5.83% in-place cap rate on current rents. This fully-tenanted property generates $46,200 in gross annual rent and $34,950 NOI/Profit. The basement is operated as a 3-room unit with its own living room, kitchen, and bathroom, sitting below a 3-door upper unit. Three of the four doors are already month-to-month, giving a new owner a clear, near-term path to reset rents to market on standard notice without waiting years for turnover. The room-based configuration plus a separate basement unit allows income to be grown door-by-door rather than all at once. 2-car parking at the rear adds a rentable amenity in a parking-constrained lower-city location, with further upside available by renting the spots separately. (id:6289)

More Info on this Landsdale House MLS® listing

47 Nightingale Street is a house listing for sale in Hamilton (Landsdale). The MLS® number is X13544482. It features 6 bedrooms, 2 bathrooms. It's currently listed for $560,000. For more details on MLS® X13544482, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This house listing in Landsdale is available now!

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