Hamilton Apartment Opportunity

A unique Building,small enough to manage but large enough to profit. Start “2011” with Right Investment and Right Building,Renovated from top to bottom in 2009. 3.5 story walk up Building,a former Hotel Building.Build in 1972 with cement block,all new Insulation,windows,Laminated Floorng in Suites and Carpeted Hallways.Upgraded Plumbing Brand new Bathrooms,Laundry room,all Suites brand new Kitchenette,Bar Fridges and Microwaves.Very selective Tenants,Property Management in place . REVENUE Rental Income: $231,000 Laundry income: $8,400 Total Gross Income: $239,400 EXPENSES: Property Taxes: $7,341 Hydro $16,109 Water: $9,495 Gas: $4,224 Insurance: $4,934 Maintenance: $8,400 Equipment Rental: $2,826 Property mgmt. $23,100 TOTAL ANNUAL EXPENSES: $76,429 NET ANNUAL INCOME: $162,971 This property has 35 Bachelor units.

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