12 Cramer Road
About This Property
THERE IS NO POWER and will not be provided by the BANK .. this is a BANK OWNED REO property with extensive visual damage. Seller has no inspection reports or conditions to provide. As you can clearly see from the listing pictures, the house in need of extensive work. This is not your average fix and flip propertied. This is a job for a very experienced investor or contractor. Property being sold in as-is condition, inspections for information purpose only. Cash offers only and we really mean cash only. Hold harmless must be signed prior to showing.
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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 |
|---|---|---|---|
| Mar 14, 2025 | In contract | - | |
| In contract | |||
| Mar 8, 2025 | Price Decreased |
$499,900
↓ $9K
(1.8%) | |
| Price Decreased | |||
| Feb 27, 2025 | Price Decreased |
$509,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
| Feb 4, 2025 | Listed | $525,000 | |
| Listed | |||
| | |||
|
Another beauty masterfully renovated by GBI, where quality and integrity matter.
House underwent major rehabilitation with almost everything being new:
New maintenance free siding, roofing, windows, and doors;
Bosch mini split system with excellent efficiency;
New kitchen and bathrooms, floors and so much more.
Huge 3 car garage has the space for all those toys and large level lot has plenty of space for any activities.
This one won't last, so schedule your showing today.
| |||
| Apr 8, 2024 | Sold | ||
| Sold | |||
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About Burlington
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22406093
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017