$2,200,000
Available - For Sale
Listing ID: X13760268
754 & 7 Main Street East , Hamilton, L8M 1L1, Hamilton
| ATTENTION CASH FLOW INVESTORS - 8.5% CAP RATE = 15% ROI ON ASKING PRICE....Rare mixed-use investment offering on a high-traffic stretch of Main Street East. Two adjacent 3-storey buildings on a 9,493 SF, comprising 11 residential suites (1 bachelor, 6 one-bedroom, 4 two-bedroom) and 2 retail units at grade, plus 5 surface parking spaces. Originally constructed in 1910, the property has undergone extensive capital expenditure and in-suite renovation over recent years. Retail is anchored by two established local operators - Soapy Bubbles Laundromat, which also serves the surrounding residential community, and Big Top Family Restaurant - both contributing additional rent (TMI) toward operating costs. |
| Price | $2,200,000 |
| Taxes: | $18054.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 754 & 7 Main Street East , Hamilton, L8M 1L1, Hamilton |
| Postal Code: | L8M 1L1 |
| Province/State: | Hamilton |
| Directions/Cross Streets: | Main and Sherman |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 0.22 |
| Total Area Code: | Acres |
| Retail Area Code: | Sq Ft |
| Financial Statement: | F |
| Net Income Before Debt: | $186500 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Partial |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| COMMERCIAL FOCUS REALTY INC. |
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Zulakha Ghafoor
Sales Representative
Dir:
647-269-9646
Bus:
416.898.8932
Fax:
647.955.1168
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Blakeley |
| Tax: | $18,054 |
| Fireplace: | N |
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