prospect st s

4 Bedroom Real Estate has been listed for sale at 260 Prospect St S in Hamilton for $599,000. Chat with a local expert, book a tour.

Hamilton

Blakeley

260 Prospect St S

260 Prospect St S, For Sale in Hamilton - Zoocasa

MOTIVATED SELLER! Situated in the high demand area of Blakely, on a vast double lot protects its value into the future as a sound investment. Heres your chance to own a great property with multiple options. A legal duplex perfect for reducing your monthly mortgage payment while collecting rent. Or keep the fabulous tenants while paying down the mortgage as a great investment property. Annual gross income collected =$41, 000. Grab it while you can.

Legal duplex opportunity! Ideal for first-time homebuyers looking to minimize their monthly payments or investors focused on long-term ROI potential. Located in the highly sought-after Blakely neighborhood, this property is a valuable find. Currently fully leased, it generates approximately $41, 000 in annual revenue with a net operating income (NOI) of $31, 700, reflecting a cap rate of about 4.5%. Featuring a vast double lot and a third separate entrance, there's substantial scope for further development and additional income for a savvy investor. First-time buyers can significantly reduce their living expenses by occupying one unit and renting out the other, potentially saving between $1, 500 to $2, 000 monthly. Even the garage contributes to the revenue, being rented out separately. This property is not only a lucrative investment but also a smart way to reduce housing costs. Prospective buyers should verify all financials and conduct their due diligence, as the figures presented are based on the listing date and may have changed. All tenants are willing to stay.

Legal duplex!! Calling all investors looking for an opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighbourhood. This property is fully leased, collecting approximately $41, 000.00 annually with an NOI of $31, 700 offering a compelling ROI, boasting a cap rate around 4.2%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can live in one unit while collecting rent thereby reducing their monthly expenses between $1, 500 to $2, 000 per mo. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its's gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.

Calling all homebuyers looking to reduce your monthly mortgage payment or investors looking for agreat rental investment. You found it here with this legal duplex which has lots of potential!!! This house is perfectly situated in the high demand Blakely neighborhood and is fully leased. It is collecting approximate $41, 000 annually with an NOI of $32, 700 offering a compelling ROI boasting a cap rate around 4.8%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can reduce their monthly expenses between $1, 500 to $2, 000/m. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.

Heres your chance to own a great property with multiple options. A legal Duplex perfect for reducing your monthly mortgage payment while collecting Rent. Or Keep the fabulous tenants while paying down the mortgage as a great investment property. Situated in the High demand area of Blakely on a vast double lot protects its value into the future as a sound investment. Annual Gross Income collected = $41, 000. Grab it while you can. Motivated Seller, Buyer To Verify numbers and are encouraged to do their own Due Diligence.

260 Prospect St S, Hamilton, ON

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