$599,900 - List

REF#:	H4036252
Status:	Sold
Sale of Business:	#
Investment:	#
Use:	Retail Store Related
Lot Size:	40.10 X 79.66
Garage:	N/A
City:	Hamilton, Ontario, Canada
Taxes:	$6,203.00
District:

Hide/Show Map

Close Map

Features

Mixed use commercial (variety store) and residential investment property. Generates approximate cash on cash return of 8.62% and cap rate of return of 7.4%...watch the cash roll in while you relax owning this updated property. Generating approximately $43,000 of net income and positive after tax cash flow. And exciting news, adjacent property has been approved for commercial/residential mixed development for approximately 65 units making this a property that should increase in value. Many building updates, including recently renovated, two level, 3 (or 4) bedroom residential suite; a very easy to rent unit. Main floor commercial unit on long term triple net lease, renewal terms and an excellent customer base. This is a densely populated residential neighbourhood, schools, public parks, and transportation make it a sought after location to live. Excellent opportunity for almost maintenance free ownership; invest and watch the income flow in not out! Seller is motivated, call listing broker for more details.

All existing chattels, save and except tenant owned.

Business Category	Investment
Sewers	Sanitary & Storm Available
Water	Municipal

Disclaimer
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.