15142 FAIRLAWN AVENUE
About This Property
Immaculate hardwood floors flow through the main and upper levels, adding warmth and character throughout. The owner's suite includes a modern en-suite bathroom and ample closet space. All bedrooms are generously sized, including a fourth bedroom on the ground level with its own private en-suite-ideal for guests, in-laws, or multi-generational living.
This home has seen numerous recent upgrades, including a new roof with 50-year architectural shingles, updated split heat pump/AC systems in the primary and fourth bedrooms, an upgraded boiler, and energy-efficient windows. The expansive, fully fenced backyard with durable vinyl fencing offers privacy and space for entertaining, gardening, or play. It also features a large storage shed, perfect for tools, lawn equipment, or seasonal items. A cozy wood-burning fireplace insert enhances the living space with warmth and charm. Additional conveniences include an attached garage and a large multi-car driveway, providing plenty of off-street parking.
Located just one mile from the ICC, this home is ideal for daily commuters. The elementary school is just a quarter mile away, and the neighborhood features its own park with a one-mile wooded walking path, tennis courts, basketball court, and tot lot. Another nearby wooded trail leads directly to Cloverly Park. It's also a short walk to the M.C.C. and the Ukrainian Orthodox Church. Cloverly Shopping Center and Safeway are just minutes away by foot or car. The neighborhood is peaceful and quiet, with minimal traffic and no major cut-through streets-perfect for those seeking a serene, community-oriented setting.
School assignment falls under the Northeast High School Consortium, offering a Choice Process between Blake, Paint Branch, or Springbrook High Schools-giving flexibility and access to diverse academic and extracurricular programs.
This home blends comfort, style, and convenience in a fantastic location-don't miss the opportunity to make it yours!
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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%.
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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