REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 784,900
Est. payment /mo
New
198 Berko AVE Hamilton, ON L8V 2R5
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Lawfield
MLS Listing ID X12369556
Style Bungalow
Bedrooms 5
Building Age 51-99
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
Foundation Concrete Block
Listed by REVEL REALTY INC.
GET MORE INFORMATION
QUICK SEARCH