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41-43 Albert St

13 Unit Apartment Building $2,610,285 USD ($200,791 USD/Unit) 5.40% Cap Rate Hamilton, ON L8M 2Y2

Apartment Buildings Ontario Hamilton 41-43 Albert St, Hamilton, ON L8M 2Y2

Investment Highlights

  • Corner Building
  • Parking Available
  • Access to Transit

Executive Summary

Welcome to 41-43 Albert Street, a 13 unit residential apartment building consisting of 12-1 bedroom apartments and 1-4 bedroom apartment of which 12 apartment units have been fully renovated and rented at market rents. Potential condo conversion as each apartment unit has a separate title. Renovations include all new laminate flooring, new light fixtures, stainless steel appliances, quartz countertops, and high end finishes throughout. Separate hydro meters for all units, Hydro paid by the tenant. Tremendous opportunity for the investor looking for the perfect Market Rent turn-key building! Municipal permit parking available. Easy access to public transit and all amenities.

Property Facts

Price $2,610,285 USD Property Subtype Apartment
Price Per Unit $200,791 USD Apartment Style Low Rise
Sale Type Investment Building Class C
Cap Rate 5.40% Building Size 13,338 SF
Sale Conditions Condo Conversion No. Stories 3
No. Units 13 Year Built 1990
Property Type Multifamily Parking Ratio 0.29/1,000 SF
Price $2,610,285 USD
Price Per Unit $200,791 USD
Sale Type Investment
Cap Rate 5.40%
Sale Conditions Condo Conversion
No. Units 13
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Building Size 13,338 SF
No. Stories 3
Year Built 1990
Parking Ratio 0.29/1,000 SF
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Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code D/S-1822
D/S-1822
(416) 302-5464

Contact

  • Listing ID: 33907906

  • Date on Market: 3/18/2024

  • Last Updated:

  • Address: 41-43 Albert St, Hamilton, ON L8M 2Y2

The Hamilton Central East A Multifamily Property at 41-43 Albert St, Hamilton, ON L8M 2Y2 is currently available. Contact Mysak Realty Inc Brokerage for more information.

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41-43 Albert St
(416) 302-5464 x

41-43 Albert St

Joe Mysak

(416) 302-5464

(416) 302-5464

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