1196 1st Street
About This Property
Every corner of this home has been meticulously renovated, including new flooring, baseboards, crown molding, fresh paint, shutters, recessed lighting, and a new tankless water heater. The home also features upgraded plumbing, (Pex and Copper), new drains and electrical wiring. All bedrooms are generously sized and bathed in natural light, embodying modern living at its finest. The primary bedroom has a private backyard patio and the primary bathroom offers a luxurious soaking tub, separate walk-in dual shower heads, and a private toilet area.
Outside, the expansive .96-acre lot includes pull-through RV parking and ample space for a pool or ADU (Accessory Dwelling Unit). Beyond, discover the highlight of this property - a pristine 7 horse stall barn with a tack room equipped with electricity, lighting, and storage. Perfect for horse enthusiasts looking to create their own equestrian haven, complete with the potential to add an arena. Additional upgrades include a new concrete driveway, garage door, stacked stone accents, and fencing on both sides of the home. Enjoy the freedom of no HOA or Mello Roos fees.
Located on a tranquil private street yet close to schools, shopping, and freeway access, this home offers both seclusion and convenience. If you're searching for a turnkey property with abundant amenities and endless possibilities, schedule a viewing today and experience pride of ownership from day one!
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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 |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jul 8, 2024 | Listed by Williams Realty Group, Inc. | $1,150,000 | |
| Listed by Williams Realty Group, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017