1116 3rd Street
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 |
|---|---|---|---|
| Sep 15, 2023 | Sold | ||
| Sold | |||
| Jul 25, 2023 | Listed by Starved Rock Realty | $79,500 | |
| Listed by Starved Rock Realty | |||
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Nice, move in ready home with 2 bedrooms and 2 baths. There is one bath on the main level and the other is finished in the basement. Lots of room down in the basement also, plenty of space for storage. All appliances will stay. They include stove, refrigerator, dishwasher, microwave, washer, dryer, dehumidifier, and water softner (owned). Recently remodeled (2021) home with newer windows, newer exterior doors, newer flooring, and was all painted at that time also. Nice sized yard, partially fenced but will need attention. Back yard does have an entrance in the southeast corner. There was a garage structure on property, but it was old and was partially taken down (garage area is 'as is'), there are concrete slabs in back if a buyer wishes to build another later down the road. Offer accepted, awaiting signed docs.
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| May 28, 2021 | Sold | ||
| Sold | |||
| Mar 2, 2021 | Listed by RE/MAX 1st Choice | $72,000 | |
| Listed by RE/MAX 1st Choice | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017