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You're conveniently located on the strip beside some of Ports best downtown shops & restaurants... Hello wood fired pizza at the Lock! All four units are 1 bedroom, 1 bathroom, each with their own private exterior entrance and showcasing hardwood flooring, original charm, and thoughtful character throughout. The two upstairs apartments both have their own balcony's as well! The numbers from 2024 are: Gross Annual Income: $49,608, Annual Expenses (Insurance, Utilities, Taxes): $12,017 leaving your Net Operating Income: $37,591. All four of the units are currently occupied by excellent long-term tenants. Theres also parking for 6+ vehicles located at the rear of the building, something rarely available in this location. 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Description
Exceptional investment opportunity in Hamilton’s sought-after Strathcona neighborhood! This fully tenanted fourplex offers strong, consistent rental income with excellent cash flow potential. Located in a prime area near parks, schools, and transit, it ensures high rental demand and long-term appreciation. Investors will appreciate the steady returns and minimal vacancies. Located in a prime area near school, University, and parks. Showings require at least 48 hours’ notice, and all tenants must be notified in advance.
Details
MLS® Number
X11989958
X11989958
Bedrooms
5
5
Bathrooms
5
5
Additional details
- Roof: Other
- Sewer: Sewer
- Cooling: None
- County: Hamilton
- Property Type: Residential
- Pool: None
- Parking: Street Only
- Architectural Style: 3-Storey
Address
- Address 42 Florence Street
- City Hamilton
- State/county ON
- Zip/Postal Code L8R 1W6