2342 King St E - Apartments FOR SALE


Hamilton, ON L8K 3P7
$1,700,000 CAD
416-767-5500
2342 King St E, Hamilton, ON for Sale
$1,700,000 CAD
Apartments - FOR SALE
1/10
null | Request Cap Rate

2342 King St E
Hamilton, ON L8K 3P7


HIGHLIGHTS

  • 8-unit apartment building with value-add potential
  • 3 vacant units offering immediate rent optimization
  • 8 outdoor parking spaces and separately metered for hydro

OVERVIEW

Prime value-add opportunity! This 8-unit apartment building offers tremendous upside, with the potential to add a 9th unit for increased cash flow. With 3 vacant units, this property presents immediate potential to set market rents and optimize tenant mix. Each unit is separately metered for hydro, giving you flexibility to minimize expenses. The property features 8 outdoor parking spaces to enhance tenant convenience. With strategic upgrades and management, this property can be brought to its full potential in a high-demand rental market. A rare opportunity to create substantial value.

FOR SALE DETAILS

PRICE

$1,700,000 CAD

PRICE/SF

$244 CAD /SF

# OF UNITS

8

PRICE/UNIT

$212,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

251805042101330

ASK ABOUT THIS PROPERTY

Roberto PianosiMysak Realty Inc BrokerageMore Info
416-767-5500

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Roberto PianosiMysak Realty Inc BrokerageMore Info
416-767-5500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.