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$2.0M total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
97%
Lot Size
10.1 ac
Rare opportunity to acquire a 10.1-acre parcel at the corner of a high-traffic highway, offering exceptional visibility, strong frontage, and long- term upside. Located just minutes to the airport, this strategically positioned property is currently zoned primarily Agricultural and provides immediate income potential with future redevelopment or severance possibilities, subject to approvals. The property includes two versatile, freestanding buildings with separately metered units, offering flexibility for a range of uses such as residential, office, or service-related applications (subject to zoning). The buildings comprise a total of five self-contained units, all vacant, allowing a purchaser to establish market rents or occupy as required. The unit mix includes one one-bedroom unit and four two-bedroom units. With excellent access, a prominent corner location, and exposure along a major corridor surrounded by agricultural and service-commercial uses, this offering is ideal for investors, owner- operators, or buyers seeking land banking opportunities with income and future potential. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$9K
Projected NOI
$91K
Annual cash flow
$-19K
Cash-on-cash
-3.25%
DSCR
0.82
Going-in cap
4.57%
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.
Trade area within 3 miles of the property.
Population
55,103
Households
22,379
Median income
$76,000
Median age
42.9
Daytime population
88,634
5-yr growth
0.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 4049 6 HIGHWAY, Hamilton.
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.