1049 Colfax Ave
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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.
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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 |
|---|---|---|---|
| Aug 25, 2022 | No longer available | - | |
| No longer available | |||
| Aug 24, 2022 | Sold | ||
| Sold | |||
| Jul 23, 2022 | In contract | - | |
| In contract | |||
| Jul 12, 2022 | Listed by KELLER WILLIAMS PROSPERITY REALTY | $374,900 | |
| Listed by KELLER WILLIAMS PROSPERITY REALTY | |||
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For anyone looking for a roomy home in this price point you have found it. This 3 BR 2 Full Bath Cape features hardwood Flooring on 1st level with a rear addition that created a larger kitchen and Bedroom on 1st floor. Original Living room and Bedroom was opened into a Family room that has hardwood flooring under the carpet. 2 Bedrooms Upstairs have rear Dormer and a Full Bath. Basement offers Recreation area, storage, Laundry center, Utility access and a project room. The home will need some updates and you will see the potential in adding much value to your investment with some cosmetic improvements. The roof was installed 6 years ago. Back yard has a deck and Lot is 190 ft deep , plenty of room for backyard activities. The property is backed up by NJ state Open space and you are very close to Trails such as the famous " Cannonball " which leads to the Ringwood Mines and Manors. Mountain bike trails and nature trails are just around the corner. Pompton Lakes offers it's own local trails and also has Boat launches for those that like to venture out for Kayaking or other aquatic activates. The town is brimming with new construction and offers fantastic Shops and eateries. Excellent schools with outstanding recreation activities and year round events to participate in. Super easy access to Rt 287, 208 , 4 and NJ Transit also close by. Please don't wait on getting out to see this one, as it's not likely to last. The manager has listed the unit size as 2000 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017