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 (id:51532)
| Property Summary |
|---|
| Building |
|---|
| Land |
|---|
| Level | Rooms | Dimensions |
|---|---|---|
| Basement | Bathroom | 1 m x 1 m |
| Kitchen | 1 m x 1 m | |
| Living room | 1 m x 1 m | |
| Bedroom | 1 m x 1 m | |
| Bedroom | 1 m x 1 m | |
| Main level | Bedroom | 1 m x 1 m |
| Bathroom | 1 m x 1 m | |
| Kitchen | 1 m x 1 m | |
| Living room | 1 m x 1 m | |
| Bedroom | 1 m x 1 m | |
| Bedroom | 1 m x 1 m |
| Features | |||||
|---|---|---|---|---|---|
| In-Law Suite | Carport | No Garage | |||
| All | Central air conditioning | ||||
