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!
Additional Details
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- Community
- Lawfield
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- Lot Size
- 44.01 X 114.54 Ft.
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- Approx Sq Ft
- 700-1100
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- Building Type
- Detached
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- Building Style
- Bungalow
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- Taxes
- $5060 (2025)
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- Garage Type
- Carport
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- Parking Space
- 4
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- Air Conditioning
- Central Air
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- Heating Type
- Forced Air
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- Kitchen
- 2
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- Kitchen Plus
- 1
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- Basement
- Full, Finished
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- Pool
- None
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- Zoning
- R1
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- Listing Brokerage
- REVEL REALTY INC.
Features
Virtual Tour
