14
Map
11838 PATRICK ROAD
About This Property
This property presents an excellent opportunity for investors, flippers, and experienced renovators looking to take on a project with significant value-add potential. A brand-new roof has just been installed, providing a major head start on the renovation.
The home has already been fully cleaned out and gutted to the studs, giving the next owner a blank canvas to bring their vision to life. All new woodwork has been completed, and the drywall on the first floor has been demolished and hauled away, allowing easy access for the next phase of renovation.
The fully finished basement offers substantial additional space and the potential to create two additional bedrooms. This flexible lower level provides an opportunity to increase the home's functionality and potentially enhance its future resale appeal.
Outside, the property features a spacious, fully fenced backyard, offering plenty of room for outdoor living, entertaining, or additional improvements.
With the major demolition already underway, a new roof in place, and much of the preparation completed, this property is ready for an investor to step in and complete the transformation. Bring your contractor, creativity, and vision and turn this property into a standout renovation project and a valuable addition to your investment portfolio.
Property is being sold AS-IS
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Washington
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,165 /mo
- 1 Bed
- 1 Bath
- 750 ft²
$2,500 /mo
- 4 Beds
- 2 Baths
- 2,871 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017