43 Crooks Street Hamilton, Ontario L8R 2Z7
$1,125,000
Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,500 Unit 3: $1,750. Unit 2 tenant is moving out and vacant possession will be available. Buyer can move in or set rental to $1,900. With a gross annual income of $73,800 and an impressive cap rate of 5.40%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Dont miss out on this exceptional investment opportunity! Please see financial attachment attached on listing to see full breakdown (id:47351)
Property Details
| MLS® Number | 40691837 |
| Property Type | Multi-family |
| AmenitiesNearBy | Marina, Park, Public Transit |
| Features | Sump Pump |
| ParkingSpaceTotal | 10 |
Building
| BathroomTotal | 2 |
| BedroomsTotal | 5 |
| Appliances | Garage Door Opener |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Aluminum Siding, Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 1747 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| LandAmenities | Marina, Park, Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 109 Ft |
| SizeFrontage | 50 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Res |
https://www.realtor.ca/real-estate/27826086/43-crooks-street-hamilton
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January 21 2025 06:06:26
REALTORS® Association of Hamilton-Burlington
RE/MAX Aboutowne Realty Corp.