Two-story residence featuring white siding, black window shutters, a front entry door with a storm door, and a paved driveway Features: vertical siding, horizontal siding, parking pad, porch More Photos

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    For Sale - 12 Mayflower Avenue, Hamilton, Ontario

    Est payment $2,425/mo
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    Views   4
    Time on Jump  45 day

    AI Summary *

    • Investment property available as part of a 15-property multifamily portfolio.
    • Fully-tenanted home generates $36,000 annual gross rent with low operating expenses.
    • Flexible configuration with options for room rental or single-family lease.
    • High cap rate of 5.61%, offering great return potential for investors.
    • Located on its own lot, providing long-term ownership flexibility.




    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.
    Listing IDX13541324
    Address12 Mayflower Avenue
    CityHamilton, Ontario
    Price$505,000
    Bed / Bath4 / 2 Full
    Style2-Storey, Detached
    ConstructionBoard & Batten
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features NoneOwnership FreeholdBasement UnfinishedFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 1.00
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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    12 Mayflower Avenue
    Hamilton , Ontario
    4 2 $505,000
    Get more info