11401 Sombrero DR
About This Property
Adding to the appeal of this property, there's a convenient storage building with electricity. The property is connected to the city water supply. Moreover, an old water well and pump house are still on the premises, potentially offering an opportunity to be reactivated.
You'll be pleased to know that the zoning ordinances in the Village of San Leanna allow for the potential addition of an Accessory Dwelling Unit (ADU) or Guest House. This opens up a world of possibilities, making the property ideal for multi-generational living or creating a family compound where loved ones can be close but still enjoy their own space.
It's important to note that the Village of San Leanna permits a maximum of two accessory buildings on any single lot, ensuring the aesthetics and harmony of the community. Embrace the potential of this picturesque corner lot in the Village of San Leanna, and let your imagination run wild with the possibilities this property holds.
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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%.
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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 |
|---|---|---|---|
| Feb 9, 2024 | Delisted | - | |
| Delisted | |||
| Jul 27, 2023 | Listed by Presidio Group, REALTORS | $499,900 | |
| Listed by Presidio Group, REALTORS | |||
| | |||
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Discover this 1.34-acre wooded corner lot nestled in the charming Village of San Leanna. With 3 spacious bedrooms, 2 bathrooms, a cozy living room, and a den complete with an electric fireplace, this home offers a world of potential. The bedrooms are generously sized, ensuring comfort for you and your family. While the core structure of the house is solid, it does require some updates to make it your own.
Adding to the appeal of this property, there's a convenient storage building with electricity. The property is connected to the city water supply. Moreover, an old water well and pump house are still on the premises, potentially offering an opportunity to be reactivated.
You'll be pleased to know that the zoning ordinances in the Village of San Leanna allow for the potential addition of an Accessory Dwelling Unit (ADU) or Guest House. This opens up a world of possibilities, making the property ideal for multi-generational living or creating a family compound where loved ones can be close but still enjoy their own space.
It's important to note that the Village of San Leanna permits a maximum of two accessory buildings on any single lot, ensuring the aesthetics and harmony of the community. Embrace the potential of this picturesque corner lot in the Village of San Leanna, and let your imagination run wild with the possibilities this property holds.
| |||
| Jul 6, 2023 | Listed by Presidio Group, REALTORS | $499,900 | |
| Listed by Presidio Group, REALTORS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017