Size
1050 sqft
Lot size
5039 sqft
Street frontage
-
Possession
-
Price per sqft
$748
Taxes
$5,060.33 (2025)
Parking Type
-
Style
Other
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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
Broker: Revel Realty Inc.
MLS®#: 40764502
Property details
Parking:
4
Parking type:
-
Property type:
Duplex
Heating type:
Forced Air
Style:
Other
MLS Size:
1050 sqft
Lot front:
44 Ft
Lot depth:
114 Ft
Listed on:
Aug 28, 2025
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