For Lease · Multifamily

104 HESS STREET S, Hamilton (Durand)

104 HESS STREET S, Hamilton (Durand), ON L8P3N5

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

85%

About this property

Welcome to 104 Street South! This bright and spacious upper-level unit offers 3 bedrooms and 1 bathroom. The kitchen features plenty of cabinet space and stainless steel appliances, with a functional layout throughout the home. Enjoy the convenience of in-suite laundry and one dedicated parking space. Located close to shopping, restaurants, schools, parks, transit and major roadways. A great opportunity to lease a comfortable 3-bedroom home in a convenient Hamilton location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

62,155

Households

21,582

Median income

$113,500

Median age

32

Daytime population

91,673

5-yr growth

9.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 104 HESS STREET S, Hamilton (Durand).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.