118 SE 8th Avenue
About This Property
BEDROOMS & 4 FULL BATHROOMS (including in law suite) . EVERYTHING IS FRESHLY PAINTED AND IT HAS NEW TILE AND ALL NEW APPLIANCES. HVAC SYSTEM RECENTLY SERVICED AND ALL NEW LANDSCAPING TO BE INSTALLED THIS WEEK. MATURE MANGO TREES ADORN THE PROPERTY AS WELL.
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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 |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Aug 14, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Listed | $665,000 | |
| Listed | |||
| | |||
|
HUGE investment opportunity! Incredible location, Gorgeous single-family home with large square footage for 3 different sections. The first unit is a 3/2, there is an attached 2/1, and finally, a studio in the back. Features include updated bathrooms and kitchens. Walking distance to shops and the beach. Quiet street, .5 miles to world-class dining, 1 mile to the beach, and 1 mile to the highway. The home is PERFECT for AIRBNB or Short Term Rentals. Was used for both.
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| Sep 27, 2023 | No longer available | - | |
| No longer available | |||
| Sep 5, 2023 | Relisted | $629,000 | |
| Relisted | |||
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About Bowers Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017