11241 Picadilly Rd
About This Property
The expansive flat corner lot features a 60x40 shop, complete with concrete floors, oversized drive-through doors, a hydraulic lift, air compressor, and workbench-perfect for any project or hobby. The tractor shed is easily convertible into horse stables, overlooking a spacious area ideal for a paddock and water shed. Additionally, three more sheds, including one with a drive-through for your riding lawnmower, offer abundant storage. The lush grounds are adorned with gardens and play areas, and three hydrants are strategically placed, with one conveniently near the shop.
Inside, this beautifully designed 4-bedroom, 2-bath home welcomes you with a large covered porch. The living and dining room combo is centered around an upgraded high-efficiency no-smoke fireplace, perfect for cozy evenings. The spacious kitchen boasts hickory cabinets, a large pantry, and a separate eating area. The enormous great room showcases breathtaking Front Range views, making it the ultimate space for entertaining. All four bedrooms are conveniently located on the upper level, while a garden-level bonus room with a closet offers flexibility as a fifth bedroom, office, or craft room. Schedule your showing today and make ample time to explore!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 10, 2024 | Sold | ||
| Sold | |||
| Oct 28, 2024 | In contract | - | |
| In contract | |||
| Oct 28, 2024 | Price Decreased |
$849,000
↓ $26K
(3%) | |
| Price Decreased | |||
| Sep 19, 2024 | Price Increased |
$875,000
↑ $26K
(3.1%) | |
| Price Increased | |||
| Sep 5, 2024 | Listed by Village Brokers Inc | $849,000 | |
| Listed by Village Brokers Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017