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12 CAROLINE DRIVE
About This Property
Offering 3 bedrooms, 2.5 bathrooms, and 1,722 finished square feet above grade, this home has been cherished by its owners and thoughtfully cared for over the years. Inside, you'll find spacious living areas, an inviting eat-in kitchen, a cozy fireplace, and a functional floor plan designed for comfortable everyday living.
The partially finished lower level provides additional flexible space for a recreation room, hobby area, home office, or workout space, while also offering ample storage.
Outside, pride of ownership shines through in the beautifully maintained front and back yards. Enjoy your morning coffee on the covered front porch, gather with family and friends on the spacious deck, or relax beneath the covered patio while taking in the peaceful backyard setting.
Significant updates include a newer roof and HVAC system, approximately three years old. The home's major systems and components have been professionally serviced and maintained on a regular basis, reflecting the exceptional care this property has received throughout the years.
This home presents a wonderful opportunity for its next owner to add their own style and vision while appreciating the care and quality that have been invested throughout the years.
Located within walking distance to Middletown schools, parks, playgrounds, the library, restaurants, coffee shops, and community events, this home offers the walkable lifestyle and small-town charm that make Middletown so desirable. Conveniently located near major commuter routes and just 20 minutes from Downtown Frederick, you'll enjoy easy access to everything the area has to offer.
Combining a desirable location, beautiful outdoor spaces, solid construction, and room to make it your own, 12 Caroline Drive is ready to welcome its next chapter.
* Select photos have been virtually staged to help showcase the possibilities of the space and inspire future design ideas. Furniture and decor shown in these images are for illustrative purposes only and are not present in the home.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017