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1164 Massachusetts Avenue
About This Property
Recent improvements include: fresh interior paint, upgraded vinyl flooring, and various cosmetic updates that enhance the home's overall presentation and livability. The sale also includes a BRAND-NEW REFRIGERATOR, a WASHER, DRYER, over-the-range MICROWAVE, and a 4-BURNER RANGE for added convenience.
A unique bonus is the attached room located at the rear of the property, complete with its own mini-split system, providing an excellent opportunity for a home office, guest space, studio, or potential rental income.
Ideally located just minutes from the University of California, Riverside (UCR), this property benefits from strong owner-occupant appeal as well as consistent rental demand. Whether you're looking for a primary residence, an investment opportunity, or a combination of both, this property offers exceptional flexibility and value.
Don't miss the opportunity to own a home with space, updates, and income-producing potential in a desirable Riverside location.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017