Hamilton L8V 2R5 Ontario
MLS: X12369556
Added 8 days ago | For Sale
Listed by: REVEL REALTY INC.
LEGAL two family investment property on the highly sought after East Hamilton Mountain! Completely redone/built-out in 2023, 198 Berko Avenue offers a 3+2 bedroom suite mix (with 1 full bath per) generating $4665 in monthly gross rents with all utilities passed on to the AAA tenants! Furthermore, property features include large floor-plans (with enclosed porch), generous 44x114 lot, ample parking, separate hydro meters and operating at a true 5.5% cap rate. Yield calculation includes a 20% down payment, 30 year amortization, at a 4.5% interest rate with 8% in monthly contingencies (3% vacancy, 5% maintenance) while maintaining a few hundred dollars in positive cash-flow. A safe investment in a premier rental area across the street from green space with shopping and highway access nearby! Legal basement suite professionally converted by 555 Construction Management Inc & managed by local Property Management Company- Total Property Solutions. A very complete and sound investment opportunity. Rents well above market value due to management
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Bedroom | 3 ft, 3 in x 3 ft, 3 in | |
| Bathroom | 4 Pc Bath | 3 ft, 3 in x 3 ft, 3 in | |
| Kitchen | 3 ft, 3 in x 3 ft, 3 in | ||
| Living Room | 3 ft, 3 in x 3 ft, 3 in | ||
| Bedroom | 3 ft, 3 in x 3 ft, 3 in | ||
| Bedroom | 3 ft, 3 in x 3 ft, 3 in | ||
| Basement | Kitchen | 3 ft, 3 in x 3 ft, 3 in | |
| Living Room | 3 ft, 3 in x 3 ft, 3 in | ||
| Bedroom | 3 ft, 3 in x 3 ft, 3 in | ||
| Bedroom | 3 ft, 3 in x 3 ft, 3 in | ||
| Bathroom | 4 Pc Ensuite | 3 ft, 3 in x 3 ft, 3 in |
No property rooms available.
