14 Duke St, Hamilton, L8P 1X1

Listing Overview

Description

Multi Unit residential in Hamilton's coveted Durand neighbourhood. CHMC financing is available for this 10 unit, fully furnished apartment with premier ground floor Media office/surgery space and 12 car rear parking. Completely restored exterior stone facade from the 1850's makes this building truly one of a kind. Steps from the Downtown GO Station with all day express service to Toronto UNION, Mississauga and Toronto International by GO Bus with GO Train in and back mornings and evenings. All residential units are fully furnished with electronic door locks and can easily leased at new market rents for January 1st, 2024 or provided fully vacant for a new owner to set rents and install utility efficiencies. Currently, all residential units are billed to one meter and heated by a shared gas boiler. Possibility to add separate meters and put tenants on electric Heat pumps, significantly reducing owners expenses. STRONG NOI WITH A TRU CAP RATE ABOVE 6%!

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On Market

Investment

Property Type

$33,849 / Year

Est. Taxes

Apartment

Style

Apts-6 To 12 Units

Business Type

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Franchise