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58 ARTHUR Avenue N, Hamilton

4 BEDS · 4 BATHS · 1996 sqft

$725,000

Turnkey 4-unit investment in Hamilton's Gibson neighbourhood. This legal duplex plus 2 additional units offers a total of 4 self-contained units, fully tenanted and ready for the next owner to take over. Fully renovated in 2021, all units feature modern finishes including quartz countertops, stainless steel appliances, vinyl plank flooring, subway tile backsplashes and renovated bathrooms. The main floor (Unit 1) is a 1 bed, 1 bath, the second floor (Unit 2) is a 2 bed, 1 bath, Unit 3 is a bachelor with 1 bath, and the basement (Unit 4) is a 1 bed, 1 bath. Current gross rent is $5,585/month ($67,022/year), current net operating income is approx. $53,564/year, a 7.4% cap rate. Income and expense summary available on request. The property has 2 hydro meters and 2-car parking at the rear, accessible from both the front and the back of the property, plus street parking. Close to King St E shops and transit, the future LRT line, schools and parks, with downtown Hamilton minutes away.

General Info


MLS Listing ID: 40872311 Bedrooms: 4 Bathrooms: 4 Year Built: 1905
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Stone Roof: N/A Title To Land: Freehold Parking Space Total: 2
Parking: Open Heating: Forced air Size: 1996 sqft Air Conditioning : Central air conditioning
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Full (Finished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A

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