50 SOMERSET Avenue, Hamilton, Ontario L8L 2L5
$549,900.00
- 4 bedrooms
- 3 bathrooms
- 2,074 Square Feet
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 ... read more
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:25417)
- Listing ID: 40867400
- Property Type: Single Family
- Year Built: 1910
| Property | |
|---|---|
| Style: | Other |
| Ownership: | Freehold |
| Lot Size: | 0.03 Ac (Under 1/2 Acre) |
| Parking: | 2 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Refrigerator |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | Full (Finished) |
| Utilities: | Natural Gas, Municipal Water and Municipal Sewage System |
| Location | |
|---|---|
| City: | Hamilton |
| Province: | Ontario |
| Nearby Amenities: | Public Transit, Schools and Shopping |
| Rooms | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Second level | 10'6'' x 8'5'' |
| Bedroom | Second level | 13'11'' x 9'9'' |
| Living room | Second level | 10'11'' x 8'11'' |
| Kitchen | Second level | 6'5'' x 6'10'' |
| Bedroom | Third level | 18'7'' x 13'9'' |
| Utility room | Lower level | 11'10'' x 6'10'' |
| 3pc Bathroom | Lower level | 6'10'' x 5'2'' |
| Bedroom | Lower level | 17'5'' x 5'11'' |
| Living room | Lower level | 23'4'' x 10'10'' |
| Kitchen | Lower level | 7'2'' x 1'0'' |
| Laundry room | Main level | 2'6'' x 2'5'' |
| 3pc Bathroom | Main level | 11'1'' x 3'5'' |
| Bedroom | Main level | 10'0'' x 9'9'' |
| Kitchen | Main level | 14'11'' x 10'0'' |
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