261 Mohawk Road E Hamilton, Ontario L9A 2H5
$1,699,000
Located in one of the most sought-after neighbourhoods, this well-maintained 6-unit multiplex offers a prime opportunity for investors looking for consistent income in a high-demand area. With a total annual rental income exceeding $90,000, this property boasts a strong return on investment. The solid brick building features two 1-bedroom apartments and four 2-bedroom apartments, each designed with functional layouts, durable finishes, ensuring long-term tenant satisfaction. 50% of the apartments have been renovated! Each unit enjoys spacious living areas, ample natural light, and access to nearby amenities, making this building highly desirable. With its unbeatable location close to public transportation, shopping, dining, and recreational areas, this building stands out as an exceptional investment in a thriving community. The solid brick construction and updates including new roof shingles in 2015 and new security system in 2020, provide stability and low maintenance, while the current rental income offers immediate cash flow. Don’t miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio. (id:47351)
Property Details
| MLS® Number | 40691654 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Park, Place Of Worship, Public Transit, Shopping |
| CommunityFeatures | School Bus |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 6 |
Building
| BathroomTotal | 6 |
| BedroomsTotal | 10 |
| BasementType | None |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 3371 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Hospital, Park, Place Of Worship, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 50 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | E |
https://www.realtor.ca/real-estate/27821019/261-mohawk-road-e-hamilton
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January 21 2025 07:06:40
REALTORS® Association of Hamilton-Burlington
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