1109 Spring Beach Way
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 26, 2023 | Sold | ||
| Sold | |||
| Sep 17, 2023 | No longer available | - | |
| No longer available | |||
| Sep 15, 2023 | Listed by Brokerocity Inc | $330,000 | |
| Listed by Brokerocity Inc | |||
| Sep 5, 2023 | Listed by Brokerocity Inc. | $400,000 | |
| Listed by Brokerocity Inc. | |||
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Welcome to 1109 Spring Beach Way, an extraordinary property nestled right on the picturesque Fox River in Cary, IL. This unique offering comprises not one but two homes. While both homes are in need of some TLC, they offer incredible potential and a chance to create your dream waterfront estate. The main home boasts four bedrooms and two bathrooms, providing ample space for a growing family or plenty of room for guests. With some renovation and personal touches, it can be transformed into a comfortable and stylish residence with stunning river views. The second home on the property adds versatility to this investment. It could serve as a guesthouse, an income-generating rental, or even a separate space for extended family members. The possibilities are endless. Sitting on the banks of the Fox River, this property offers a serene and picturesque setting. Enjoy fishing, boating, or simply taking in the tranquil waterside atmosphere from your own backyard. The homes may need some work, but the potential for creating a waterfront oasis or investment property is undeniable. Don't miss this rare opportunity to own a piece of riverfront paradise in Cary, IL The manager has listed the unit size as 2670 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017