1535 STEELE Street
About This Property
Unlock the potential of this lucrative investment opportunity! This well-maintained rental property is a standout choice for savvy real estate investors seeking a steady income stream and minimal management hassle.
The property is a 3 bedroom 1 bathroom with long term paying tenant in place. The tenant wish to remain the in the property and does not have any desires to vacate. Lease ends on 09/30/2025.
Per building permits, roof was replaced in 2022.
Buyer is recommend to get inspection completed to verify all other aspects of the property.
This property is an excellent addition to any real estate portfolio, offering both immediate cash flow and long-term value. Don't miss out on this opportunity to expand your investment horizons with a property that delivers reliable returns.
No Creative or Sub to Offers Accepted
EMD is due within 3 days of accepted PASA
DO NOT DISTRUB TENANTS!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017