Michael Tzakas
Sales Representative
RE/MAX Hallmark Realty Ltd, Brokerage
Independently owned and operated.
685 Sheppard Ave East, Richmond Hill, Ontario M2K 1B6
Cell: 416-561-3911Office: 416-494-7653
$1,700,000
Available - For Sale
Listing ID: X11909029
2342 King St East , Hamilton, L8K 1X7, Ontario
| Prime value-add opportunity! This 8-unit apartment building offers tremendous upside, with the potential to add a 9th unit for increased cash flow. With 3 vacant units, this property presents immediate potential to set market rents and optimize tenant mix. Each unit is separately metered for hydro, giving you flexibility to minimize expenses. The property features 8 outdoor parking spaces to enhance tenant convenience. With strategic upgrades and management, this property can be brought to its full potential in a high-demand rental market. A rare opportunity to create substantial value. |
| Price | $1,700,000 |
| Taxes: | $16476.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 2342 King St East , Hamilton, L8K 1X7, Ontario |
| Postal Code: | L8K 1X7 |
| Province/State: | Ontario |
| Legal Description: | PT LT 32, CON 3 SALTFLEET, AS IN CD40349 |
| Lot Size: | 47.00 x 125.00 (Feet) |
| Directions/Cross Streets: | Parkdale Ave. S. & King St. E. |
| Category: | Apartment |
| Building Percentage: | Y |
| Total Area: | 6953.48 |
| Total Area Code: | Sq Ft |
| Taxes Expense: | $16476 |
| Insurance Expense: | $6448 |
| Heat Expenses: | $6007 |
| Hydro Expense: | $984 |
| Water Expense: | $17972 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 8 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Part |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| MYSAK REALTY INC. |
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Michael Tzakas
Sales Representative
Dir:
416-561-3911
Bus:
416-494-7653
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Glenview |
| Lot Size: | 47.00 x 125.00(Feet) |
| Tax: | $16,476 |
| Baths: | 8 |
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