About 544 Barton St E

Invest $320K for a mixed use (Com/Res) property with positive cash flow in the improving Barton St Village PLUS potential grants/incentives from City. Annual NOI approx $19624. Solid building with 47 ft frontage with 2 com and 3 res units (Hamilton zoning 1 com and 2 res). External sq ft as per MPAC is Res (2nd fl) 1859, Com (1st fl) 1831, att. garage/storage (1st Fl) 1055 plus a full basement. 1 res unit is vacant and other units are leased to tenants who are now on month to month. Large 47 ft * 93 ft lot. Parking at front and rear of building. Approx income/year after deducting 5% for vac losses. 3-1 bedrooms @ 625 each,1 com @ 490, 1 com @ 1240. Approx. expenses/year are $24248: water htr rentals @ 408., insurance @ 840, gas @ 1680, hydro@ 8640, taxes (after MPAC revision) 6212, repairs/maint @ 7% 3234, prop man. @7% 3234. NOI (before debt service) is approx $16522. Short distance to transit, Hamilton General Hospital, the new Pan/Am CFL stadium and Woodlands Park. Municipal parking 2 doors away. Rear lane access to garage/stor/parking. Purchaser to verify all financials and dimensions.
  • Property Type Industrial
  • Sale Price $319,900
  • Total Available Space 3,690 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 3,690 SF

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