12 Mayflower Ave, Hamilton (Crown Point), ON L8L2K4
- Beds
- 4
- Baths
- 2
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Overview
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:58180)
Location
Full feature list
Basic info
- Property type
- House
- Number of stories
- 2
- Number of bedrooms
- 4
- Number of bathrooms
- 2
- Lot size (acres)
- 0.04
Interior features
- Basement
- Yes
Utilities
- Heating
- Forced Air, Natural Gas
- Sewer
- Sewer
- Water
- Water
Taxes
- Tax Annual Amount (2026)
- $2,280
Public schools
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Sourced from: Canadian Real Estate Association MLS®#: X13541324 Last checked: …
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