27
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113 SHERATON AVENUE
About This Property
The main level features a versatile bonus room that's perfect for a home office, den, playroom, or hobby space. One of the home's hidden gems is the hardwood flooring believed to be beneath much of the existing carpeting, offering the opportunity to restore its classic beauty throughout much of the home. The kitchen provides plenty of workspace and includes a gas range, built-in microwave, dishwasher, and refrigerator. The washer and dryer are also included, along with a convenient utility sink in the laundry area.
Additional features include a one-car attached garage with interior access, pull-down attic stairs leading to generous storage space, an irrigation system serving both the front and rear yards, a partially fenced backyard, and a covered rear patio that's perfect for relaxing or entertaining while overlooking the backyard.
Homes with this combination of solid construction, major mechanical updates, and the opportunity to personalize the interior are becoming increasingly difficult to find. If you've been searching for a home where the expensive improvements have already been made and you can update the cosmetics at your own pace, this Cinnamon Hill property deserves a closer look.
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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 |
|---|---|---|---|
| Aug 14, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Listed by Weichert Realtors - Moorestown | $430,000 | |
| Listed by Weichert Realtors - Moorestown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017