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Incredible low-maintenance investment offered at a massive 6.6% cap rate even AFTER accounting for a vacancy allowance and repairs and maintenance! This fully-renovated, now fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments with great tenants, a fabulous new franchise QSR restaurant tenant on the ground floor, and a tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. In exceptional condition, this property comes with a recent, clean Phase II Environmental. Plus, there are no parking spots, balconies, or elevators to maintain or cause issues! This is truly an exceptional opportunity for a strong, stable investment with a substantial, above-market return! (id:51158)
| MLS® Number | X12089960 |
| Property Type | Retail |
| Community Name | Crown Point |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 4200 Ac |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 35 Ft |
| Size Frontage | 64 Ft ,7 In |
| Size Irregular | 64.66 X 35 Ft |
| Size Total Text | 64.66 X 35 Ft |
| Zoning Description | C5a |
Get More info About:289-293 Kenilworth Avenue N Hamilton (Crown Point), Mls# X12089960
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