1539-1547 Barton Street E, Hamilton (Homeside), Ontario

About 1539-1547 Barton Street E

A strong opportunity to acquire a professionally managed 16-unit residential apartment property priced at a 6% cap rate; offering an attractive combination of strong current yield, stable operations and meaningful upside. The suite mix includes 14 two-bedroom apartments and two one-bedroom apartments, with approximately 11 of the 16 units updated to varying degrees by current ownership. Several remaining suites offer further renovation potential, while a number of existing rents - including some materially below market - provide clear opportunity for income growth over time. The property is a solid, relatively low-maintenance multi-residential asset with a substantial paved parking area at the rear. It has been professionally managed for years and offers buyers a straightforward addition to an existing residential portfolio. Located in the edge of Hamilton's east end, the property is surrounded by everyday amenities including grocery, shopping, restaurants, services and transit, with convenient access to the Red Hill Valley Parkway and QEW. The property delivers compelling in-place income with the added benefit of CMHC financing potential and multiple avenues for long-term value creation. For investors seeking scale, strong yield and embedded rental upside in a pure residential asset, this is a particularly attractive offering. (id:6289)

More Info on this Homeside Multi-Family MLS® listing

1539-1547 Barton Street E is a multi-family listing for sale in Hamilton (Homeside). The MLS® number is X14098962. It covers 25,860 square feet. It's currently listed for $2,988,000. For more details on MLS® X14098962, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Homeside is available now!

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