50 Somerset Avenue

Hamilton, ON L8L2L5

About this property

FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start. (id:13843)

About this property

FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start. (id:13843)

Features and Additional Information

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$549,900 Active
4 Bed(s)
3
Baths
2,074 sqft

Presented By Preferred Management

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License #RECO #4036190
Brokerage
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1-289-235-8000
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Area Information

| County | 200 Gibson/Stipley

$ 549,900
This listing is play_arrow 28.2% higher than the average in the area
$ 429,000 in the area
2,074 SqFt
This listing is play_arrow 122.5% larger than the average in the area
932 SqFt in the area
$ 265 $/SqFt
This listing is play_arrow 42.4% less than the average in the area
$ 460 $/SqFt in the area
20 days on site
This listing is play_arrow 69.2% below the average in the area
65 days on site in the area

Schools in the Area

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Listed By Steve Augustine
Brokerage: Your Home Sold Guaranteed Realty Elite

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