260 Prospect St S, Hamilton, L8M 2Z9

Home Overview

Description

Legal duplex!! Calling all investors looking for an opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighbourhood. This property is fully leased, collecting approximately $41,000.00 annually with an NOI of $31,700 offering a compelling ROI, boasting a cap rate around 4.2%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can live in one unit while collecting rent thereby reducing their monthly expenses between $1,500 to $2,000 per mo. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its's gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.

25 days

On Market

Duplex

Property Type

$3,922 / Year

Est. Taxes

$0 / Month

Maint. Fees

-

Locker

100+

Year Built