You really can't miss this value added 3-unit investment that not only makes a strong statement on the street, but is a strong investment too! Not only a bold facade, but a bold 8% potential cap rate make this solid triplex an ideal mix of immediate income and plenty of opportunity to be realized. The fully renovated rear one-bedroom unit is tenanted, while the front studio and second-floor one-bedroom are vacant and ready for updates, allowing you to set market rents and select tenants. The main floor could be consolidated back into one unit for the owner who may want to live in and rent the upper unit. Recent improvements include a complete frame-in renovation of the rear unit, as well as new furnace and hot water tank (2021), updated wiring with 200-amp breaker panel and some exterior brick repointing with the front and side painted (2022), rear stairs replaced (2019),. Two rear parking spaces on a concrete driveway with paved alley access, plus proximity to downtown and public transit routes makes it a very attractive prospect to tenants. A practical & profitable opportunity for investors to build long-term equity in an improving Lansdale neighbourhood. (id:51158)
| MLS® Number | 40798385 |
| Property Type | Single Family |
| Amenities Near By | Public Transit |
| Equipment Type | None |
| Parking Space Total | 2 |
| Rental Equipment Type | None |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 2 |
| Bedrooms Total | 2 |
| Appliances | Refrigerator, Stove, Hood Fan |
| Architectural Style | 2 Level |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1891 |
| Construction Style Attachment | Semi-detached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Brick Veneer |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Forced Air, Space Heater |
| Stories Total | 2 |
| Size Interior | 1,324 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 96 Ft |
| Size Frontage | 24 Ft |
| Size Irregular | 0.05 |
| Size Total | 0.05 Ac|under 1/2 Acre |
| Size Total Text | 0.05 Ac|under 1/2 Acre |
| Zoning Description | D |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | 10'7'' x 11'5'' | ||
| Second Level | Eat In Kitchen | 12'6'' x 9'5'' | ||
| Second Level | Living Room | 11'4'' x 10'4'' | ||
| Basement | Storage | Measurements not available | ||
| Basement | Utility Room | Measurements not available | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Living Room | 12'0'' x 9'0'' | ||
| Main Level | Kitchen | 7'9'' x 6'4'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 7'2'' x 11'5'' | ||
| Main Level | Living Room | 11'0'' x 14'3'' | ||
| Main Level | Eat In Kitchen | 11'4'' x 15'0'' |
https://www.realtor.ca/real-estate/29251275/220-emerald-street-n-hamilton
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