albert st

16 Bedroom Condo has been listed for sale at 41 Albert St in Hamilton for $3,400,000. Chat with a local expert, book a tour.

Hamilton

Blakeley

41 Albert St

41 Albert St, For Sale in Hamilton - Zoocasa

Presenting on behalf of the Lender in Possession through Power of Sale, an exceptional opportunity to acquire a 13 unit condominiumized multi residential property located at 41 Albert Street in Hamilton, Ontario. The property is ideally positioned for a new investor to complete the final unit renovation and either refinance to retain it as a long term portfolio asset or finalize the condominiumization process to sell each unit individually to end users or affordable condominium investors. Proforma for each suggested exit strategy is available upon request. This 13 suite apartment building includes 11 fully renovated one bedroom apartments and one large renovated four bedroom apartment. The renovations feature new laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and high quality finishes, creating a stylish and comfortable living space. Each unit has its own ductless split system heat pump for heating and cooling, separate hydro meters, with tenants paying for their own hydro.

Great opportunity to own this carefully redeveloped 13 unit apartment building. 3 storey walkup with 12-1 bedroom units & 1-4 bedroom unit. Separate coin laundry room for all tenants. This building has seen great attention to detail with renovations in 8 of 13 units. New kitchens with quartz counter tops, stainless steel appliances, refinished original hardwood floors, restored character and charm throughout. This building is in demand and commands excellent rents with 1 bedrooms currently renting for $1325 plus hydro. Basement has been fully redeveloped into a luxury 5 bedroom unit and is rented to great tenants who utilize the basement commercial lease for their employees during short local stays. OPPORTUNITY 1: to renovate remaining 5 units and re-rent at $1,295 (or higher), resulting in income increase of $3,136 per month ($37,632 annual), equal to approx $640,000+ value lift, available to the new owner! OPPORTUNITY 2: 13 separate condo titles for each unit, offers buyer significantly lower land transfer taxes in addition to the option to sell individual units in future. Current gross income of $179,470 and a net operating income of $134,930. Offered at a 5.6 cap. rate. Located within walking distance to new LRT line and all transit options. A short walk to Gage park, Hamiltons largest city park. Financials available on request. Buy now and as cap rates decrease watch values increase. (id:15898)

Great opportunity to own this carefully redeveloped 13 unit apartment building. 3 storey walkup with 12-1 bedroom units & 1-4 bedroom unit. Separate coin laundry room for all tenants. This building has seen great attention to detail with renovations in 8 of 13 units. New kitchens with quartz counter tops, stainless steel appliances, refinished original hardwood floors, restored character and charm throughout. This building is in demand and commands excellent rents with 1 bedrooms currently renting for $1325 plus hydro. Basement has been fully redeveloped into a luxury 5 bedroom unit and is rented to great tenants who utilize the basement commercial lease for their employees during short local stays. OPPORTUNITY 1: to renovate remaining 5 units and re-rent at $1,295 (or higher), resulting in income increase of $3,136 per month ($37,632 annual), equal to approx $640,000+ value lift, available to the new owner! OPPORTUNITY 2: 13 separate condo titles for each unit, offers buyer significantly lower land transfer taxes in addition to the option to sell individual units in future. Current gross income of $180,025 and a net operating income of $135,638. Offered at a 5.5 cap. rate. Located within walking distance to new LRT line and all transit options. A short walk to Gage park, Hamiltons largest city park. Financials available on request. Buy now and as cap rates decrease watch values increase. (id:15898)

Welcome to 41-43 albert street, a 13 unit luxury residential apartment building consisting of 12-1 bedroom apartments and 1-4 bedroom apartment of which 12 apartment units have been fully renovated and rentable. Each apartment unit has a separate condo title and just needs the buyer to complete the condo process. Renovations include all new laminate flooring, new light fixtures, stainless steel appliances, quartz countertops, and high end finishes throughout. Separate hydro meters for all units paid by the tenant. Tremendous opportunity for the investor looking for the perfect market rent turn-key building! Municipal permit parking available. (id:15898)

Welcome to 41-43 Albert Street, a 13 unit residential apartment building consisting of 12-1 bedroom apartments and 1-4 bedroom apartment of which 12 apartment units have been fully renovated and rented at market rents. Potential condo conversion as each apartment unit has a separate title. Renovations include all new laminate flooring, new light fixtures, stainless steel appliances, quartz countertops, and high end finishes throughout. Separate hydro meters for all units, Hydro paid by the tenant. Tremendous opportunity for the investor looking for the perfect Market Rent turn-key building! Municipal permit parking available. Easy access to public transit and all amenities.

The Westside Partners are delighted to present, on behalf of the Lender in Possession through Power of Sale, an exceptional opportunity to acquire a 13 unit condominiumized multi residential property located at 41 Albert Street in Hamilton, Ontario. The property is ideally positioned for a new investor to complete the final unit renovation and either refinance to retain it as a long term portfolio asset or finalize the condominiumization process to sell each unit individually to end users or affordable condominium investors. Proforma for each suggested exit strategy is available upon request. This 13 suite apartment building includes 11 fully renovated one bedroom apartments and one large renovated four bedroom apartment. The renovations feature new laminate flooring, modern light fixtures, stainless steel appliances, quartz countertops, and high quality finishes, creating a stylish and comfortable living space. Each unit has its own ductless split system heat pump for heating and cooling, separate hydro meters, with tenants paying for their own hydro.

Welcome to 41-43 Albert Street, a 13 Unit Residential Apartment Building consisting of 12-1 bedroom apartments and 1-4 bedroom apartment of which 12 Apartment Units have been fully renovated and rented a market rents. Potential Condo Conversion as each Apartment Unit has a Separate Title. Renovations include all new laminate flooring, new light fixtures, stainless steel appliances, quartz countertops, and high end finishes throughout. Separate hydro meters for all units paid by the tenant. Tremendous opportunity for the investor looking for the perfect Market Rent turn-key building! Municipal permit parking available. Easy Access to all amenities.

41 Albert St, Hamilton, ON

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41 Albert St, Hamilton, ON

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