108 Park DRIVE
About This Property
rare find.
The first floor boasts durable terrazzo flooring throughout, with even more Terrazzos hidden beneath the tiled areas. The expansive, centrally located kitchen is the heart of the home, featuring granite countertops, a massive walk-in pantry, and convenient
access to the family room, gathering room, and pool area. It's a perfect setup for entertaining or everyday living.
Downstairs, you'll find an oversized bedroom and bath, ideal for guests or multi-generational living. Upstairs, the primary suite offers a spacious retreat with dual sinks and a walk-in shower, along with two additional bedrooms and a shared bathroom. This upstairs addition was added in 2006 and truly brought this home forward to today's family lifestyle.
The outdoor space is just as impressive, featuring a lushly landscaped yard, an inviting pool with a lanai, and a chef's kitchen area designed for grilling and entertaining. With ample parking for guests, storage for work vehicles, and room to spread out, this
home offers versatility for any lifestyle.
This property is ready for your vision and personal touches. While it does require renovation, including 1st floor flooring, and lower kitchen cabinets, the potential is limitless for the next owner to make it their own.
Please note: A 3-day inspection period is required, so complete your due diligence before submitting. In the previous permits' history, you will see how much work as already been completed. Don't miss the opportunity to own a Florida gem with so many possibilities!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017