Price Estimate: $715,148
487 Cannon St EPrice Change
Gibson, Hamilton
$730,000$699,999
Price Estimate: $715,148
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Home Details
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Listing Description
Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 - 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see attachments for a complete list of recent updates. With extensive maintenance completed and tenants in good standing, this property offers a turnkey investment opportunity for savvy investors seeking long-term cashflow and appreciation. Potential upside on interior cosmetic updates. Financials attached. Offers welcome any time!
City: Hamilton
Neighborhood: Gibson
Property History
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 487 Cannon St E is 3869
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $730000 |
| Down Payment | $146000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $584000 |
Monthly Payment
| Mortgage Payment | $3599 |
| Property Taxes | $270 |
| Maintenance Fees | $0 |
| Monthly Payment | $3869 |
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About 487 Cannon St E, Hamilton
Located at 487 Cannon St E , this Hamilton house is available for sale. This property was listed for $699,999 on Tue Apr 30 2024. This house's size is 20.00 x 95.00 Feet. It has 5 bedrooms and 4 bathrooms. The property includes the following rooms: . This property comes with 2 parking spots. 487 Cannon St E, Hamilton is situated in the Gibson neighbourhood.
MLS#: X8233738 · $699,999 · 5 bedroom house in Gibson, Hamilton