12 Mayflower Avenue, Hamilton (Crown Point), Ontario

About 12 Mayflower Avenue

12 Mayflower Avenue, Hamilton is an investment property within a portfolio. A single detached home operated as a four-room rental, offered at a 5.61% in-place cap rate on current rents. This fully-tenanted property generates $36,000 in gross annual rent and $28,334 NOI at an asking price of $505,000.The home is configured with 3 bedrooms and a bath upstairs and 1 bedroom on the main floor, plus a bathroom in the basement. Three tenants pay $750/month each in cash rent, while the fourth room is occupied by a tenant who performs maintenance and repairs in lieu of cash rent, valued at the same $750/month - gross rent is shown inclusive of this in-kind arrangement. This property carries the lowest operating-expense load in the portfolio, so every additional dollar of room rent converts to NOI at an unusually high rate. One of the four rooms is already month-to-month, with the remainder repositionable to market as tenancies turn. The detached home sits on its own lot, offering a new owner long-term flexibility - whether continued as a room rental, converted to a single-family lease, or held for appreciation. (id:6289)

More Info on this Crown Point House MLS® listing

12 Mayflower Avenue is a house listing for sale in Hamilton (Crown Point). The MLS® number is X13541324. It features 4 bedrooms, 2 bathrooms. It's currently listed for $505,000. For more details on MLS® X13541324, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This house listing in Crown Point is available now!

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