47 Nightingale Street, Hamilton (Landsdale), Ontario L8L1R7
Listing courtesy of EXP REALTY.
- $560,000
- 6
- BD
- 2
- BA
- List Price
- $560,000
- Price Change
- ▼ $40,000 1786578712
- MLS®
- X13544482
- Days on Market
- 71
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 6
- Bathrooms
- 2
- Lot Size Dimensions
- 21 x 113 FT
- Subdivision
- Landsdale
Property Description
47 Nightingale Street, Hamilton is an investment property within a portfolio. A four-door property combining a room-based upper unit with a self-contained basement suite, offered at a 5.83% in-place cap rate on current rents. This fully-tenanted property generates $46,200 in gross annual rent and $34,950 NOI/Profit. The basement is operated as a 3-room unit with its own living room, kitchen, and bathroom, sitting below a 3-door upper unit. Three of the four doors are already month-to-month, giving a new owner a clear, near-term path to reset rents to market on standard notice without waiting years for turnover. The room-based configuration plus a separate basement unit allows income to be grown door-by-door rather than all at once. 2-car parking at the rear adds a rentable amenity in a parking-constrained lower-city location, with further upside available by renting the spots separately. (id:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- Landsdale
- Parking Spaces
- 2
- Cooling
- Central air conditioning
- Country
- Canada
- Sewer
- Sanitary sewer
- Heating
- Forced air, Natural gas
- Stories
- 2.5
