Business For Sale · Multifamily

52 BARTON STREET E, Hamilton (Beasley)

52 BARTON STREET E, Hamilton (Beasley), ON L8L2V8

$1.5M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

97%

Lot Size

0.057 ac

About this property

Amazing investment with this beautiful 5-unit building located just steps from trendy James St and the new Go Station. A few minutes walk to the beautiful Hamilton Harbour and the Bayfront. Located on main Bus Route. Incredible full building upgraded 8+/- years ago, including roof, fully renovated Res units include kitchen with granite counters, s/s appliances including B/I dishwasher and microwave & en-suite washer/dryers, soft close cupboards, replaced furnaces and A/C, Tankless water heaters, newer electric meters and plumbing, windows & doors, fire retrofit w/partial sprinkler system. 4 residential units and 1 commercial storefront. Units are separately metered and tenant pay their of Gas and Electricity. If you are looking for an easy, turn key, simple-to-run-for-years-to-come Multi-unit building, this is the one! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.49M
Down payment30% · $447K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-6K

Cash-on-cash

-1.36%

DSCR

0.93

Going-in cap

5.13%

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

42,733

Households

19,659

Median income

$118,500

Median age

31.9

Daytime population

67,231

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 52 BARTON STREET E, Hamilton (Beasley).

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.