249-255 King St W - Apartments FOR SALE


Hamilton, ON L9H 1V8- Hamilton Downtown C
$3,900,000 CAD
416-643-3721
249-255 King St W, Hamilton, ON for Sale
$3,900,000 CAD
Apartments - FOR SALE
1/40
null | Request Cap Rate

249-255 King St W
Hamilton, ON L9H 1V8
Hamilton Downtown C


HIGHLIGHTS

  • Easily accessible.
  • Corner lot.
  • All units are fully occupied
  • Sale price reduced!

OVERVIEW

249-255 King Street East is a commercial/residential building with two ground floor retail units and six residential apartments on the second and third floors. The site area is 0.139 acres (6,060 SF). This is a court appointed sale and the property is being sold on an "as is, where is" basis. Includes two 2-bedroom units and four 1-bedroom units. All residential leases are month-to-month and tenants pay for separately metered utilities.

FOR SALE DETAILS

PRICE

$3,900,000 CAD

PRICE/SF

$279 CAD /SF

# OF UNITS

6

PRICE/UNIT

$650,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

D2

APN/PARCEL ID

251802018104270

ASK ABOUT THIS PROPERTY

John CrebaColliersMore Info
416-643-3721

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John CrebaColliersMore Info
416-643-3721

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.