107 LIGHTHOUSE Road W
About This Property
Located in East Arlington near 295 and Atlanctic Blvd, this 3 bedroom 2 bathroom home has a large backyard for kids and pets to run and play. It will need TLC and cosmetic upgrades but is perfect use for an investment property! This home also comes with an extra guest house that is attached to the side of the house that can be used to generate extra income as well. Make your offer today!
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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 |
|---|---|---|---|
| May 1, 2024 | Sold | ||
| Sold | |||
| Dec 11, 2023 | Listed by Beycome of Florida LLC | $314,900 | |
| Listed by Beycome of Florida LLC | |||
| | |||
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Rare opportunity, fully renovated Duplex located in the northern part of Southside neighborhood, just a block away from the exit of 295 & Atlantic Blvd, near shops, restaurants, major dealerships, liquor stores, entertainment and more. The property features a main 3-bedroom 2-bathroom house and an attached 1-bedroom 1-bathroom ADU . The property has new roof & gutters, new windows, electrical and plumbing updates, all 3 bathrooms and 2 kitchens have been updated. New vinyl and tile flooring throughout, newer doors, closet, interior and exterior paint, new wood fence 4' 6' & 8' tall and fully fenced backyard with newer concrete patio slab. At an additional cost, the units can come fully furnished and with a powered 40' container enclosed by an 8' wood fence.
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| Jun 22, 2023 | Sold | ||
| Sold | |||
| Jan 3, 2023 | Listed by HASHTAG REALTY GROUP LLC | $199,700 | |
| Listed by HASHTAG REALTY GROUP LLC | |||
| Apr 17, 2017 | Sold | ||
| Sold | |||
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About Greater Arlington
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Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1206387
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