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1111 Thompson Avenue
About This Property
Enjoy Florida living with an oversized swimming pool, outdoor kitchen, mature palm trees, and fruit trees throughout the property. The home features a new roof, new A/C, fresh interior paint, updated light fixtures, and real wood doors and accents that add character and warmth. Pool equipment was also replaced last year!
The detached shed includes electricity and A/C, making it an ideal space for a home office, workshop, hobby room, or additional storage. The fully fenced and cleared lot offers added convenience and potential for outdoor enjoyment.
All major systems and components are reported to be in working order, making this an excellent opportunity for buyers looking for value with the ability to add their own personal touches. Seller incentives are available! Priced below the appraised value, this property is a fantastic opportunity for homeowners or investors looking for space, upgrades, and outdoor amenities.
Easy to show! Don't miss your chance to see everything this property has to offer.
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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 |
|---|---|---|---|
| Nov 4, 2026 | Price Decreased |
$301,500
↓ $3K
(0.8%) | |
| Price Decreased | |||
| Oct 23, 2026 | Price Decreased |
$304,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Oct 18, 2026 | Price Decreased |
$309,000
↓ $41K
(11.7%) | |
| Price Decreased | |||
| Oct 14, 2026 | Listed by RE/MAX Realty Group | $349,999 | |
| Listed by RE/MAX Realty Group | |||
| Oct 6, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
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About Joel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017