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1420 Phillips Dr
About This Property
Opportunity is Knocking! This split level home is in need of TLC and VISION... so this property is priced aggressively and offered AS IS.
Situated near I25, the highway proximity provides quick access to Denver and destinations north. Beyond the neighborhood, Northglenn's shopping and dining are conveniently located. Do not let the old carpeting fool you, as original hardwood floors lie just below. The main level has an open floor plan that invites in the sunlight with large windows facing the front and sliding glass doors to the backyard. Three bedrooms and two bathrooms are located in the Upper Level of this Tri-Level home.
Stairs down to the Lower Level feature a huge family room (22'x20')with an original wood burning fireplace, that currently is attached to a wood burning stove. Garden level windows surround the lower level (no window wells). An additional bathroom and a laundry/utility room are located toward the back of the property.
While the backyard currently features some serious overgrowth, at 72'x42', this large and private back yard provide numerous options for whatever the heart desires. A small backyard shed sits toward the back of the property for organizing tools or toys of your choice.
An attached one car garage rounds up to 33' x 15' - space for a generously sized vehicle AND ample storage, both in back and overhead.
With a listing price at $300,000 and 2,247 square feet, the right buyer will realize the phenomenal potential of this special home. This property is GO and Show. Come see the possibilities that await.
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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