198 Berko AVE Pending Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8V 2R5
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Lawfield
MLS Listing ID X12369556
Style Bungalow
Bedrooms 5
Annual Tax Amount $5,060
Tax Year 2025
Property Sub-Type Duplex
Property Description
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
Location
Province ON
County Hamilton
Community Lawfield
Area Hamilton
Rooms
Family Room No
Basement Full,Finished
Kitchen 2
Separate Den/Office 2
Interior
Interior Features In-Law Suite
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 44.01
Lot Depth 114.54
Total Parking Spaces 4
Building
Building Age 51-99
Foundation Concrete Block