Investment Commercial Building for Sale

MLS# H4036252 Price: $599,900

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.

What's your Walk Score? 74 Very Walkable

What's your Transit Score? 61 Good Transit

Property Details: 108 Cumberland Avenue (near S/E Corner of Cumber )
Listing# 7498

Location

Address 108 Cumberland Avenue
City Hamilton
Cross Streets S/E Corner of Cumber
District Hamilton Centre (22)
Neighbourhood St. Clair / Blakeley (220)
Listing Agents Cameron Nolan / Angela Nolan

Description

Sub Type Investment Price $ 599,900
Lease Rate Per For Sale Location Hamilton
Heating Gas Hot Water Square Footage 2700

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