136 Bay Tree Drive
About This Property
Discover this beautifully updated home, offering a seamless blend of modern upgrades and timeless charm. Thoughtfully renovated since 2018, the property boasts:
• Interior Enhancements: Freshly painted walls, crown molding, and custom shelving in the master bedroom closet. All popcorn ceilings have been removed, and new flooring flows throughout the living areas and bedrooms.
• Kitchen Renovation: Featuring all-new cabinets, countertops, backsplash, and appliances, complemented by a spacious kitchen island, built pantry cabinet, and a stylish new sink and faucet.
• Bathroom Upgrades: Both bathrooms now include updated vanities, sinks, faucets, mirrors, and a new shower door in the hall bath. " Additional Features: A cozy new fireplace mantle and surround in the living room, and updated light fixtures and ceiling fans throughout.
Outdoor and Structural Improvements: The front entrance features a new storm door, while the backyard includes a French drain for enhanced landscaping.
Modernized Systems: A whole-house generator, a replaced HVAC system (interior and exterior), and a new hot water heater provide peace of mind.
The property also offers an open-concept layout, with a heated and cooled former screened-in porch that adds versatile living space. Bayside has wonderful amenities that include a community dock and fishing pier, tennis courts and a swimming pool. All dimensions are approximate and should be verified by buyer.
Don't miss this turn-key opportunity in a prime location - schedule your showing today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017