754 & 756 Main Street E, Hamilton, ON L8M 1L1

Property Description

ATTENTION CASH FLOW INVESTORS - 8.5% CAP RATE = 15% ROI ON ASKING PRICE....Rare mixed-use investment offering on a high-traffic stretch of Main Street East. Two adjacent 3-storey buildings on a 9,493 SF, comprising 11 residential suites (1 bachelor, 6 one-bedroom, 4 two-bedroom) and 2 retail units at grade, plus 5 surface parking spaces. Originally constructed in 1910, the property has undergone extensive capital expenditure and in-suite renovation over recent years. Retail is anchored by two established local operators - Soapy Bubbles Laundromat, which also serves the surrounding residential community, and Big Top Family Restaurant - both contributing additional rent (TMI) toward operating costs.