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
Revel Realty Inc.
$799,900
198 Berko Avenue, Hamilton, Ontario
5 Bedrooms
2 Bathrooms
1850 Sqft
Property
MLS® Number: 40747370
Address: 198 Berko Avenue
City: Hamilton
Style: Bungalow
Exterior: Brick, Brick Veneer, Stone
Lot Size: 114.54ft x 44.0ft
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas
Parking
Parking Spaces: 4
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Property Sale History
Travel and Neighbourhood
74/100Walk Score®
Very Walkable
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Location
