1083* Main St E, Hamilton, L8M 1N5

Listing Overview

Description

This property presents a standout investment opportunity with its recent premium renovations and prime location. This 3-storey property offers a balanced mix of 63 modern multifamily suites: 9 studios, 25 one-bedroom, 25 two-bedroom, 3 three-bedroom, and 1 four-bedroom unit, providing appeal to a diverse tenant base. Amenity-rich, the property features a gym, on-site parking, and a laundry facility, enhancing tenant convenience and satisfaction. With a projected Year 1 NOI of $840,982 and revenue opportunities from laundry and parking, the property is structured for robust income generation. Tenants cover both water and hydro, effectively reducing operating costs and strengthening cash flow. Nearly fully vacant, the building provides flexibility for an investor to implement a leasing program to capture top market rents. Each suite showcases premium finishes, including luxury tiled tub surrounds, stone countertops, stainless steel appliances, high-efficiency windows, individual heating and cooling, and modern pot lights throughout. 1083 Main Street East combines modern living with strong income potential, making it an ideal asset for investors targeting stability and growth in Hamilton's multifamily sector.

7 days

On Market

Investment

Property Type

$123,541 / Year

Est. Taxes

Apartment

Style

Apts-Over 20 Units

Business Type

-

Franchise