118 Neish St
About This Property
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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 |
|---|---|---|---|
| May 7, 2024 | Sold | ||
| Sold | |||
| Apr 24, 2024 | In contract | - | |
| In contract | |||
| Apr 19, 2024 | Listed by Compass - Denver | $150,000 | |
| Listed by Compass - Denver | |||
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Looking for your next project? This vintage home in Harris Park needs a buyer with a vision to restore it to its former glory. Despite its current condition, this property has potential. The home sits on over a half-acre of land with views of Mount Rosalie and one of the community fishing ponds. Inside, you'll find great space, with an open layout, large windows framing the view, three bedrooms, one and a half baths, a bonus rec room, and a wood burning fireplace. After renovation, it could be a cozy primary residence or a rustic second home. However, please be aware that this property is true fixer. It's being sold strictly as-is and it will require cash to purchase, as it will not be lendable. The pictures (and the asking price) provide a fair sense of the home's condition - including a hole in the roof that has exposed the living room to the elements for the last few years. All items in the home are included (there could be some interesting vintage pieces to salvage) and it will not be cleaned out prior to closing. So, bring your hammer or your contractor and imagine what this home could be with a little TLC, because you won't find another opportunity to buy one in the foothills at this price point.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017