ON > Hamilton
Hamilton, ON L8M 3B2,107-109 Balsam AVE S
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Hamilton, ON L8M 3B2,107-109 Balsam AVE S
Hamilton, ON L8M 3B2,107-109 Balsam AVE S
Hamilton, ON L8M 3B2,107-109 Balsam AVE S
Hamilton, ON L8M 3B2,107-109 Balsam AVE S
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 2,699,000
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Price Dropped by $200K

107-109 Balsam AVE S Hamilton, ON L8M 3B2

UPDATED:

11/19/2024 02:44 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID X10408730

Annual Tax Amount $35,187

Tax Year 2024

Property Description

5.6% cap rate with upside on all rents. Stunning 16 unit apartment building. 10 x 1 Bedroom, 6 x 2 Bedroom. Room to grow your income with this value add opportunity. Hydro separately metered. Plumbing upgraded to copper except for 2 units. Close to public transportation. Property being offered at roughly $181k/door. Data room and full financials available. Two Vacant Units.

Location

Province ON

County Hamilton

Area Central

Interior

Heating Yes

Cooling Partial

Exterior

Utilities Available Yes

Others

Security Features No

Listed by MYSAK REALTY INC.
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107-109 Balsam AVE S