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108 OLNEY SANDY SPRING ROAD
About This Property
The open main level features great light, lofty ceilings, hardwood floors, spacious white kitchen recently updated with quartz & granite countertops, breakfast room, living room with wood burning fireplace, renovated powder room, main level owner's suite (stunning renovated black & white bathroom w/ separate tub, heated floors, double vanity, walk-in shower, heated towel bar, tv & remote control blinds ) and laundry room. The upper level features a 2nd spacious owner's suite with walk-in closet & en-suite bath plus 3 additional bedrooms and full hall bathroom. The unfinished lower level, with dramatic high ceilings, awaits your creative vision and finishing touches. In addition, there is a large detached 2 car garage. The cedar shake roof was replaced in 2019 and many of the windows have been replaced with Anderson windows!
Attached by a charming breezeway from the main house, there is a professional office suite with half bathroom. Originally it was approved as a doctor's office; however, the sky's the limit with regards to a future use - an artist studio, small gym, professional office or small living suite? (Note: any altered use of the building may require permit even though it did have a certificate of occupancy as a doctor's office)
This is an estate sale and property disclosures/disclaimers are not required. However, the personal representative will include her own personal disclosure. Pre-inspections are strongly encouraged.
You will love living in Ashton - just a stone's throw to restaurants, winery, and the Sandy Spring Legacy Trail!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017