108 Cumberland Avenue, Hamilton, ON, L8M 1Z3Listing ID# H4008293
Generating net income over $42,500, this is an excellent investment property. Cap rate of 6.76% and cash on cash return of 9.63%. Many building updates, including recently renovated, two level, 3 (or 4) bedroom residential suite; a very easy to rent unit. Main floor commercial unit on long term triple net lease, renewal terms and an excellent customer base. Area is growing development and improving property values. Beside planned condo development project, densely populated residential neighbourhood, schools, public parks, and transportation. Excellent opportunity for almost maintenance free ownership; invest and watch the income flow in not out! Seller is motivated, call listing broker for more details.