1496 CHALLEN Avenue
About This Property
Inside laundry Room. Features and Benefits of 1496 Challen Construction and Renovation
Construction and Renovations Completed
1496 Challen Ave
a¢ Newly Constructed Master Bathroom and Master Closet with Renovation Designed to an Open Kitchen Concept
a¢ Newly Constructed Butlers Pantry
a¢ Master Bath features Walk-In Shower with Seamless Glass Door and Custom Tile Surround
a¢ New Roof
a¢ New HVAC Including all New Ducting
a¢ New Electrical Service, Panel, Wiring
a¢ Plumbing Upgrades Throughout
a¢ New Tankless Water Heater
a¢ New Custom White Shaker Cabinets in Kitchen, Butler Pantry and Vanity in Master Baths
a¢ Quartz Counter Tops (matching Kitchen and Baths)
a¢ Custom Subway Backsplash
a¢ New Stainless Appliances a" Samsung Gas Stove, Microwave and Dishwasher
a¢ New Kitchen Sink and Kitchen Faucet
a¢ New Irrigation System
a¢ Renovated Hall Bath with New Pedestal Sink
a¢ Renovated Laundry Room a" New Flooring, New Hook-ups
a¢ New Paint on Interior and Exterior
a¢ Refinished Original Hard Wood Flooring
a¢ New Carpeting in 1 Bedroom
a¢ New Interior and Exterior Lighting
a¢ New Lighted Ceiling Fans
a¢ All Faucets, Toilets
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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.
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017