1250 LEMON STREET
About This Property
Looking for a restoration project that has character and charm? Restore this 1946 era Sears Roebuck "Chandler" house to its original glory. This two story home is elevated with decorative trim offering 3 bedrooms and 2 baths with a large kitchen and breakfast area. The house has a newer roof (2022) with hardwood floors throughout the property. There are three porches, a large one in front with two smaller ones on the side and in back. The living room has a stand alone fireplace with the kitchen, dining room and full bath on the first floor. The first floor laundry (NEW stackable washer and dryer) is adjacent to the Florida room that has a small eating area. The second floor has one bedroom, one full bath and space that could be used as a den or office. This house is larger than it looks! Within a short distance to downtown and the restaurants and shops in Historic Punta Gorda. This property has potential and just needs some TLC. Walk through now by clicking on the attached interactive 3D VIRTUAL TOUR!
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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 |
|---|---|---|---|
| Sep 8, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Price Decreased |
$260,000
↓ $20K
(7.1%) | |
| Price Decreased | |||
| Jun 10, 2025 | Price Decreased |
$280,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| May 24, 2025 | Listed by RE/MAX ALLIANCE GROUP | $290,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017