1153 Drew STREET
About This Property
Discover this exceptional 3-bedroom, 2.5-bathroom pool home with a detached 2-car garage and a 1-bedroom, 1-bathroom apartment, offering a total of 4 bedrooms and 3.5 bathrooms! This charming 1,412 sq. ft. bungalow is packed with features, including a 10-ft deep saltwater heated pool and spa, pavers, and a cozy fire pit area, perfect for entertaining. Step into the main house and feel at home in the warm and inviting living room, complete with soaring ceilings, engineered hardwood floors, and a decorative fireplace. Large windows fill the space with natural light, creating a bright and airy atmosphere. The adjacent dining room flows seamlessly into the kitchen, which features solid wood cabinetry, stainless steel appliances, and tile flooring. Each bedroom offers generous space, perfect for use as an office, craft room, or media room. A sunroom with an attached laundry area overlooks the screened-in pool and spa, making it an ideal retreat. The detached 2-car garage is complemented by a 484 sq. ft. apartment above, complete with its own living room, kitchen, bedroom, laundry room. Ideal for guests, extended family, or rental income opportunities.
Located just 10 minutes from Clearwater Beach and a stone's throw from US-19, this home offers unparalleled convenience and lifestyle. Don't miss this opportunity-schedule your showing today!
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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.
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About Clearwater
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017