10 ELLIS AVE
About This Property
Stepping into the kitchen, you'll find the heart of the home. This kitchen is large for a house of this size, with ample cabinet space, a built-in pantry, and enough counter space to pull up a stool and eat in the kitchen while entertaining. The adjacent dining room area features large windows, allowing you to enjoy the sunlight.
Entering the main living room, you'll find large windows and a second entrance with a quaint front porch, creating the perfect gathering spot for movie night with friends and loved ones. Down the hallway, you'll find two nicely sized bedrooms and a bathroom with a separate soaking tub and shower, as well as a deep linen closet.
The basement is ready to be finished to add additional living space, offering tons of potential. Outside, a patio awaits through the sliding glass doors, overlooking a large lot. There is a shed, but one could imagine the possibilities of adding a large garage or utilitarian workspace. This corner lot offers a great springboard for many different types of outdoor living.
Conveniently located in Lumberton, with close access to 295 and the turnpike, as well as proximity to shopping centers, schools, and parks. Easy access to 38 means weekend trips to the shore are just a drive away, as you escape through New Jersey's beloved pinelands
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 22, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | In contract | - | |
| In contract | |||
| Feb 22, 2024 | Listed by Compass New Jersey, LLC - Moorestown | $275,000 | |
| Listed by Compass New Jersey, LLC - Moorestown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017