18
See all 18 photos
$580,000
Est. payment /mo
4 Beds
2 Baths
1,100 SqFt
Price Dropped by $120K
193 BURRIS STREET Hamilton (st. Clair), ON L8M2J7
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100 - 1500
Square Footage 1,100 sqft
Price per Sqft $527
Subdivision St. Clair
MLS® Listing ID X13517426
Bedrooms 4
Half Baths 2
Property Description
193 Burris St, Hamilton is an Investment Property (Duplex + Rooms). A two-hydro-meter property configured as a 2-bedroom main-floor-plus-basement unit and a four-room upper unit, currently 100% occupied and generating $36,031 in NOI from strong in-place room income. The real opportunity is the immediate value-add: four of the five doors rent month-to-month, allowing rents to be reset to market on standard notice. Underpinning that cash flow is genuine land value in one of Hamilton's most sought-after, appreciating pockets. The result is an investment that combines solid room-level income today with meaningful upside and long-term exit optionality. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 1
Garage No
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Listed by EXP REALTY