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1220 COMMONWEALTH AVENUE
About This Property
Welcome to 1220 Commonwealth Avenue, a beautifully remodeled, turnkey three-bedroom home combining move-in-ready comfort with small-town charm. With the bedrooms, full bathroom, and everyday living spaces all on one level, the home offers an easy, functional layout.
Inside, gleaming hardwood floors refinished in 2024, flow through the living spaces and all three bedrooms. There is no carpet to replace, just timeless hardwoods that make the home feel clean, bright, and welcoming.
The remodeled bathroom features a tiled shower, coordinating tile floors, an oversized LED medicine cabinet, and a generously sized linen closet. Additional improvements include newer windows, upgraded electrical wiring completed in 2023, a 2021 water heater, a dependable Lennox HVAC system, and a roof replaced in 2010. An under-sink reverse-osmosis system provides filtered drinking water right from the kitchen.
Outside, the level, fenced yard provides space for pets, play, gardening, cookouts, or quiet evenings outdoors. An irrigation system helps simplify lawn and garden care, while the charming red shed adds country character and convenient storage for tools, bicycles, and lawn equipment.
Directly across the street, tennis courts, basketball courts, and a covered pavilion with picnic tables feel like an extension of your backyard-perfect for recreation, reunions, and celebrations. A public bus stop is conveniently located right out front.
Historic downtown Front Royal, with its locally owned restaurants, shops, cafes, and community events are also close by. When adventure calls, Front Royal is the northern gateway to Shenandoah National Park and Skyline Drive, placing hiking, scenic overlooks, waterfalls, fishing, kayaking, and Shenandoah River recreation within easy reach.
Turnkey. Main-level living. No projects waiting. No HOA restrictions or fees. Just a charming, updated home with space to breathe and the best of Front Royal right outside your door.
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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