188-190 Caroline Street S, Hamilton (Durand), Ontario

About 188-190 Caroline Street S

6.5% cap rate. $91,650 in annual rent from four leased units in Hamilton's popular Durand Neighbourhood. You get a legal 4-plex built, fully tenanted, producing $75,189 in net operating income. All four tenants pay their own hydro, so your utility exposure stays small and easy to predict. The expensive work is already behind you. Parapet walls and chimney have been re-built, and the water line has been upgraded to 3/4" copper. 4 car parking sits at the rear. The unit mix protects your income: one 3 bedroom, one 2 bedroom, two 1 bedrooms. Four separate tenancies means no single vacancy takes out your cash flow. Each unit has kept its own character, which is what holds good tenants in place. Walk to Locke St S, James St S, Hess Village, St. Joseph's Hospital, downtown Hamilton, transit, parks and schools. Durand is one of the tightest rental pockets in the city, on a quiet tree-lined street. Two of the four rents are under market so there's upside for the future in the numbers. Book your showing this week. (id:6289)

More Info on this Durand Fourplex MLS® listing

188-190 Caroline Street S is a fourplex listing for sale in Hamilton (Durand). The MLS® number is X13828766. It features 7 bedrooms, 5 bathrooms. It's currently listed for $1,099,000. For more details on MLS® X13828766, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This fourplex listing in Durand is available now!

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