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58 Arthur Avenue N, Hamilton, ON L8L 6C5

$725,000
: 4
BD
: 4
BA
: 1,500
SqFt

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List Price: $725,000
MLS#: X14097326
Status: ACTIVE
Type: Multifamily
SubType: Duplex
Style: 2 1/2 Storey
Bedrooms: 4
Bathrooms: 4
Living Area: 1500-2000
Province: ON
Municipality: Hamilton
Area: Hamilton
Neighborhood: Gibson
Subdivision: Wilson And Wentworth St N

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Property Description

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.

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Additional Information

Taxes: $3,800
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: Central Air
Kitchens: 4
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 2