$580,000
193 BURRIS STREET
St. Clair, Hamilton, ON
About this property
193 Burris St, Hamilton is an Investment Property (Duplex + Rooms). A two-hydro-meter property configured as a 2-bedroom main-floor-plus-basement unit and a four-room upper unit, currently 100% occupied and generating $36,031 in NOI from strong in-place room income. The real opportunity is the immediate value-add: four of the five doors rent month-to-month, allowing rents to be reset to market on standard notice. Underpinning that cash flow is genuine land value in one of Hamilton's most sought-after, appreciating pockets. The result is an investment that combines solid room-level income today with meaningful upside and long-term exit optionality. (id:66946)
Features
Listing courtesy of EXP REALTY. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.