171 STONE CHURCH Road E

Hamilton, ON L9B1A8

INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 NET ANNUALLY. This Renovated 16 - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances and quickly convertible to triplex, duplex or single family home. The lot is located on a central location on the Hamilton Mountain close to absolutely everything and is an investor's dream. Priced competitively to offer a 9.72% CAP RATE and competitive price per square footage. The lot is deep so there is plenty room to enjoy outdoor space, or perhaps add a secondary suite in the rear. The double car, automatic garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17 & 18th room. The possibilities are endless with this one & will not last. Priced to be sold quick; Buyers -take advantage of our time-crunch needing this to be sold. (id:31684)

Listing courtesy of: Brittany Quay of Revel Realty Inc.

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