198 Berko Ave, Hamilton, Ontario L8V 2R5
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Highlights
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Price/Sqft$935/sqft
Monthly cost
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+4
Properties sold*
$748K
Median sold price*
*Based on last 30 days
Description
two family investment property on the highly sought after East HamiltonMountain! Completely redone/built-out in 2023, 198 Berko Avenue offers a 3+2bedroom 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 apremier rental area across the street from green space with shopping and highway access nearby! Legal basement suite professionally converted by 555 ConstructionManagement Inc & managed by local Property Management Company- Total PropertySolutions. A very complete and sound investment opportunity!
Property Details
Interior
Features
Bsmt Floor
Kitchen
1.0 x 1.0Living
1.0 x 1.0Br
1.0 x 1.0Br
1.0 x 1.0Exterior
Features
Parking
Garage spaces -
Garage type -
Total parking spaces 4
Property History


