SoldMultiplex

579 King Street

Name: 579 King Street - Sold Oct 2018
Brand: RE/MAX REALTY ENTERPRISES INC., BROKERAGE
Price: 686500 CAD
Availability: SoldOut

Hamilton - Strathcona

579 King Street

Hamilton - Strathcona

Sold For$686,500

Listed For $699,900

Sold Oct 2018

6 Bedrooms Bedrooms

6 Bathrooms Bathrooms

0 Garage Garage

Description

Legal & Fully Tenanted 6 Unit Apartment Building Right On The Future Lrt Line. Gross Rental Income Of $60,000 Per Year. Units Always Fill Quickly At This Property As It Ranks As A "Walkers Paradise" And "Excellent Transit" On Walk Score Website. Walking Distance To Trending Locke Street, Hess Village, Grocery Store, Gas Station, Restaurants And Several Other Amenities. Opportunity To Increase Rents As People Move Out As Half The Units Have Long Term Tenants

Key facts for 579 King Street

Tax$4,422.01 / 2017

Property TypeMultiplex, 2-Storey

Lot Size120 x 33.46 Feet

Size2500-3000 ft²

ParkingNone Spaces, Total 4 Spaces

Parking FeaturesLane

BasementApartment, Walk-Out

Listing #X4246967

Days on Market--

Listing BrokerageRE/MAX REALTY ENTERPRISES INC., BROKERAGE

Data SourcePROPTX

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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Home Price

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Cash Flow Analysis

Est. Mortgage Payment

$3,418/mo

Monthly Expenses & Income

Property Tax

Maint. / Fees

Est. Rental Income

$19.0% net yield

Net Monthly Cash Flow$8,714

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Inquire with Realtris

(866) 511-7171

info@realtris.ca

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