1020 TALBOT Avenue
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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%.
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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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 23, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Listed by ROOT REALTY LLC | $485,000 | |
| Listed by ROOT REALTY LLC | |||
| | |||
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Ask about lender incentives* This thoughtfully remodeled brick bungalow in an unbeatable location features two income-producing opportunities: one attached and one detached! Main home has 3/2 in the front + an attached 1/1 suite. With stunning hardwood & wood-look floors + natural light throughout, you'll find something to love in every room! The expansive living room w/recessed lighting & accent fireplace flows seamlessly into the formal dining for easy hosting. Updated kitchen boasts 42in cabinets w/built in-pantry and granite counters, plus a convenient side-entry door. All three bathrooms in the main home were remodeled w/stone counters, porcelain floors, tile-surround showers, steel tubs, and new vanities & lighting. The new primary en-suite also includes a walk-in closet and double vanity. Laundry is conveniently located in the hallway closet. The spacious attached suite is perfect for multi-gen living or STR, w/int & ext access, its own ductless AC, & room for a kitchenette.
Relax or entertain on the covered front porch and back deck overlooking the blooming flower garden and yard. Large shed w/electric is workshop-ready, and the smaller shed has room for lawn equipment.
The detached 578sf 1/1 is turnkey w/updated kitchen, wood-look floors, in-unit laundry, and perimeter drainage w/sump pump, as well as its own paver patio & shed. Each of the ADUs has its own assigned parking space in the extended driveway. Just one block from local eats & entertainment on Edgewood and a half mile to Four Corners and Murray Hill Park.
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| Jul 20, 2022 | Sold | ||
| Sold | |||
| Jun 17, 2022 | Listed by ROOT REALTY LLC | $424,900 | |
| Listed by ROOT REALTY LLC | |||
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About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017