171 Stone Church RD E new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L9B 1A8
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Subdivision Jerome
MLS Listing ID X12020886
Style 2-Storey
Bedrooms 16
Annual Tax Amount $3,302
Tax Year 2024
Property Sub-Type Detached
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY AT 9.72% CAP RATE & OVER $150,000.00 CASH NET ANNUALLY. This Renovated 16+ - Room Rental property has a monthly GOI of $12,530.00 & NOI of $10,531.00. Quickly converted into Duplex/Triplex; The basement was recently renovated and features two kitchens, 3.5 bathrooms, 16 bedrooms, 3 entrances. 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 very deep at 124 ft, so there is plenty room to enjoy outdoor space or add a secondary suite in the rear. The Triple car, automatic , three bay door, drive through garage is incredibly spacious and perfect for a man's cave, a workshop, storage or even convert it to a 17th, 18th & 19th room!
Location
Province ON
County Hamilton
Community Jerome
Area Hamilton
Rooms
Family Room No
Basement Separate Entrance,Finished
Kitchen 1
Interior
Interior Features Water Heater,In-Law Capability
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 3.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 123.8
Total Parking Spaces 6
Building
Foundation Concrete Block