Property Description
Here’s a 36 unit mixed use building located in Hamilton for sale at a 6.4% cap rate. The building is in good condition and sits on a .22 acre lot. Here are the quick numbers:
Purchase Info
- Square Feet (36 Units) 23,786
- Purchase Price $4,400,000
- Initial Cash Invested $1,276,000
Income Analysis – Monthly Annual
- Net Operating Income $23,527 $282,327
- Cash Flow $7,051 $84,616
Financial Metrics
- Cap Rate (Purchase Price) 6.4%
- Cash on Cash Return (Year 1) 6.6%
- Internal Rate of Return (Year 10) 15.6%
- Sale Price (Year 10) $5,913,232 (Projected)
Property Information
- Recently SoldProperty Status:
- Multi-Family HomeProperty Type:
- HamiltonNeighborhood:
- $4,400,000or $122,222 per unitPrice:
- HamiltonCity:
- OntarioState:
Address: Hamilton, Ontario
