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1407 GRANDVIEW Drive
About This Property
NEW ROOF WILL BE INSTALLED.
New AC, new water heater, new appliances, new kitchen and bathrooms, new tile and laminate floors throughout (no carpet). A brand new permitted roof will be installed shortly. Very large and open living room, perfect for entertaining and everyday living.
Primary bedroom with en-suite bathroom is located downstairs, complete with a huge walk-in closet. Also on the main level is a private office, which can easily be converted into a 4th bedroom if desired, and a half bathroom for visitors. Garage has another half bath.
Two spacious bedrooms and a full bathroom upstairs provide excellent privacy for family or guests.
A large backyard wraps around the home, offering plenty of space for outdoor living and entertaining. This move-in-ready property combines comfort, functionality, and style in a prime location in Alderman Park.
Vacant. Motivated seller
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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 |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| May 4, 2026 | Listed by FLORIDA HOMES REALTY & MTG LLC | $419,000 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
| Dec 5, 2023 | Sold | ||
| Sold | |||
| Nov 16, 2023 | Listed by FLORIDA HOMES REALTY & MTG LLC | $275,000 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017