About 208 Mary Street
Pay for the apartments, get the storefront almost free. This corner mixed-use property in Beasley, steps from downtown Hamilton, offers about 3,642 sq ft for $649,900, about $178 a sq ft. Upstairs: two renovated 2-bedroom suites with quartz counters, open living space, pot lights and wall-mounted A/C, both tenanted at $1,775/month, with tenants paying their own hydro. Main floor: about 1,660 sq ft of corner commercial space with large shop windows, rented as storage at $1,000/month. Gross income is about $54,600 a year. Seller-reported costs are about $18,775 a year, for a net operating income of about $35,825: a 5.5% cap rate at list price. Value-add: raise the suites to market on turnover, re-let the main floor as retail and buy out the rental equipment, and the pro forma cap rate is about 7.4%. Owner-users: run your business from the storefront while the two suites carry most of the costs. Legal, conforming duplex over commercial per the seller, zoning D/S-378. Hamilton's Mid-Rise Residential Zones Project (Phase 2) is before Planning Committee. Proforma available. Buyer to verify all figures, zoning, permitted uses and redevelopment potential. (id:6289)
More Info on this Beasley Multi-Family MLS® listing
208 Mary Street is a multi-family listing for sale in Hamilton (Beasley). The MLS® number is X14091280. It covers 3,642 square feet. It's currently listed for $599,900. For more details on MLS® X14091280, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Beasley is available now!
Selling your Beasley Multi-Family property?
Have a similar home to 208 Mary Street? If you’re thinking about selling your Beasley multi-family property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Hamilton (Beasley) property.
