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420 East 42nd Street, Hamilton, Ontario – $3,900,000

  • $3.9M Price
  • 18,000 Sqft
  • $3.9M Price
  • 18,000 Sqft

420 East 42nd Street

Fantastic Investment Opportunity!! Solid, Very Clean and Exceptionally Well Maintained Residential Apartment Building. Property Zoned for 22 Units - currently consists of 23 Units. 22 Units - 2Bedrm & 1 Unit - 3 Bedrm. Located on Hamilton Mountain in an Excellent Rental Area. Near Shopping, Schools, Public Transit and the LINC. Estimated Net Income = $178,000 . Over $500,000 in Renovations & Upgrades in 2013 including: Roof, Windows, Balconies, Siding, Brickwork Re-pointing, Washrooms, Plumbing and more. 23 Fridges, 23 Stoves & Coin Laundry Equipment Included. Fully Tenanted. Substantial UPSIDE POTENTIAL in 14 of the 23 Units. All measurements & square footage are approximate and to be verified by Buyer. All other information provided by Seller or Listing Brokerage to be Verified by Buyer. ALLOW 72 HRS. IRREVOCABLE ON ALL OFFERS. Include Schedule B & O.S.D. (Form 801) with all Offers. 48 HRS. NOTICE REQUIRED FOR ALL SHOWINGS. (id:6289)

Essential Information

  • Listing #H4053940
  • Price$3,900,000
  • Bathrooms0.00
  • Square Footage18,000
  • TypeMulti-family
  • Style3 Level, Multi-Unit

Community Information

  • Address420 East 42nd Street
  • CityHamilton
  • ProvinceOntario
  • Postal CodeL8T3A9

Amenities

  • Parking Spaces24
  • ParkingNo Garage

Features

Paved driveway, Laundry- Coin operated

Interior

  • # of Stories3

Heating

Natural gas Baseboard heaters, Boiler

Exterior

  • ExteriorBrick, Other
  • FoundationPoured Concrete

Listing Details

  • OfficeCorona Realty Inc.
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