979 KING Street E, Hamilton
$750,000
Investors, don’t miss this turn-key, fully leased mixed-use building generating a solid income with a gross yearly income of $54,000 and approximately $43,000 in net income. Tenants cover all utilities, making this a low-maintenance investment, with the seller only responsible for property taxes, insurance and water heater. The property features a leased storefront on the ground floor, along with a spacious, updated 3-bedroom residential unit upstairs. Over the past 10 years, the building has seen improvements, including a new roof, windows, furnace, and a complete renovation of the upstairs unit. Additionally, there’s parking for five + vehicles, with spots located at both the rear and side of the building, plus a full basement offering extra storage or potential future use. This is an excellent opportunity for investors looking for a property with minimal upkeep and strong rental income. Buyers and agents are advised to verify zoning and room sizes independently. For further details or to schedule a viewing, please contact the listing agent (id:58875)
- Listing ID: 40702415
- Property Type: Other
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Listing provided by RE/MAX Escarpment Realty Inc.
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This property for sale, located at 979 KING Street E in Hamilton, was last modified on February 28th 2025. Let us connect you with one of our real estate agents to schedule a viewing or to find other properties for sale in Hamilton.