1302 Houston Avenue
About This Property
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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 |
|---|---|---|---|
| Oct 7, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | In contract | - | |
| In contract | |||
| Mar 26, 2024 | Listed by Realty Right | $240,000 | |
| Listed by Realty Right | |||
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Welcome to 1302 Houston, CURRENTLY TENANT OCCUPIED and being rented as a Co-Living home weekly rental. All tenants are on a week to week basis. It is a fantastic turn-key investment opportunity in a prime location. This property boasts 10 bedrooms and 4 bathrooms, perfect for a co-living / multi gen family / group home / assisted living senior care / or other arrangements for amazing rental income. With some TLC and a little bit of elbow grease, this fixer-upper has incredible potential for a savvy investor. The tenant-occupied home is a landlord's dream, offering massive cashflow and value-add opportunities. Under new management and ready to make you mint. Don't miss out on this chance to turn this diamond in the rough into a shining gem. This home can be purchased by itself or as a part of 18 unit SFR portfolio. Investor owned buyer/buyers agent to verify all information.
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| Jul 7, 2021 | Sold | ||
| Sold | |||
| Jun 16, 2021 | Listed by Keller Williams Realty | $169,000 | |
| Listed by Keller Williams Realty | |||
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Great investment opportunity. Huge property on corner lot across the street from Bobby Shaw Middle School with plenty of potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017