The Lincoln House condominiums is so named as the site of a meeting
between President Lincoln and General Hartsuff during the Civil
War. This 3 unit condominium building offers a secured entry, and
gated parking area with garages. This main level home offers 2384
square feet of luxury living featuring high ceilings, large windows
thru out, original fireplace mantels, architectural details, and
original flooring all combined with the best in modern amenities.
Enter into a huge Great Room with fireplace and original mantel,
opening to gourmet eat-in kitchen also with fireplace and access to
outdoor patio dining/grilling area. This home offers 3 BR, 2 baths
including a primary suite with spa bath and walk-in custom closet.
There is also a solarium with tile floors and a wall of windows
with garden views, a private screened porch, laundry with washer
and dryer, mudroom with access to gardens and secure gated garage
parking. Located on historic Court Square, just 2 blocks to
restaurants, and 1/2 block to Baker Park. Rarely is one of these
offered for sale.
Unit Size
2,384 Ft²
Days on Market
56 days
Land Size
-
Price per sqft
$524
Property Type
Condo
Property Taxes
$1,102
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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