Hamilton - Blakeley
Sold For$920,000
Listed For $879,000
Sold Apr 2024
Rare Legal Non Conforming Triplex with excellent cap rate of approximately 5.80% and a Proposed market rent rate cap rate of over 10%+. Solid all brick huge building with 3 x 3 bedroom units & 1 x 1 bedroom in basement unit. Meets fire code with Interconnected smoke detectors, fire pull stations, self closing steel fire doors and proper exits. The building is 3120+- not including the basement apt. The Main floor apt was recently re-furbished with all new carpet, fresh paint & new blinds & is vacant. Ideal for live-in or set your own rent. Some up-dates include newer high efficiency furnace, newer shingles and 200 Amp service with circuit breakers. Tenants are month to month, rents include all utilities. 24 Hour notice required for all showings.
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