261 MOHAWK ROAD E, Hamilton, Ontario
$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 potential. Dont miss this opportunity to add a high-performing asset with lots of uplift potential to your portfolio. (id:23309)
- Listing ID: X11933561
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 261 MOHAWK ROAD E in Hamilton Ontario. It was last modified on January 21st, 2025. Contact Mal Kearns to schedule a viewing or to discover other Hamilton real estate for sale.