1503 GRANGE ROAD
About This Property
Descending into the finished basement, you'll find a versatile space offering endless possibilities. This level presents an opportunity for customization according to your preferences. An additional room awaits transformation into a cozy bedroom, functional office space or gym, along with a rough in (with walls up) where you can install another full bathroom. Abundant storage ensures organization and functionality, while an additional room awaits transformation into a cozy bedroom or a functional office space.
There is a new forced air with heat pump HVAC unit and new air conditioning outdoor unit, all installed in November 2022!
Outside, the enchanting yard beckons with a welcoming patio, perfect for al fresco dining or enjoying tranquil evenings under the stars.
Located just one block away from the water, this home offers waterviews, adding a touch of serenity to everyday living. Experience the 5 beaches located throughout the neighborhood, in this vibrant community in the heart of Edgewater, where relaxation meets convenience.
You'll enjoy a wide variety of shopping and restaurants closeby and you can be in Annapolis in a few minutes. South River High school district!
Welcome home to 1503 Grange Road, where comfort, style, and tranquility converge.
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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 Londontowne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017