14212 AMBERLEIGH TER
About This Property
Upstairs a huge owner suite with two walk-in closets, cathedral ceilings, and a big bathroom with shower and soaking tub. Brand new neutral carpet is on the stairs and the entire upper level. There's a big hall bathroom with shower/tub and 3 more spacious bedrooms; two with double closets, big bright windows, and fresh paint throughout.
The basement is roomy, unfinished with a rough-in for another full bathroom, and has a recent sump pump and good insulation already in place. There's a whole house water softener (Ecowater System EP42007) by Marmon Water that will convey to the buyer - it reduces mineral stains, uses less detergent in the wash, and helps your water-using appliances last longer by allowing them to run more efficiently. The 2-car side garage w/connecting door to the kitchen is extra wide with lots of storage cabinets and a work surface for a hobbyist.
The roof has long-life shingles, is around 10 years old, and has solar panels on a portion; a buyer can assume the lease. It is 10 years into a 20-year lease - giving you the option to buy it at the end or remove it. The sellers have found it a big help in reducing electric bills. Trash and recycling pickup are included in the property taxes here.
A Homeowner association annual fee of $217.68 in 2024 will not bust your budget and ensures some common area maintenance and oversight for your new neighborhood.
This home is a great opportunity to join a community with good-sized lots and privacy on a low-traffic street, close to major highways and convenient to grocery and other stores. Hurry over! Also Open House Sunday 8/18 11-1 pm
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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%.
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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.
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About Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017