1543 WALNUT Street
About This Property
The perfect porch DOES exist! This beautiful and recently renovated home is the ideal combination of historic character and modern improvements! The huge wraparound porch makes for the most amazing historic Springfield hangout- close to so many neighborhood favorites like Silkies, 1748 Bakehouse, and Hyperion! As you enter, note the brand new luxury vinyl plank flooring, fresh neutral paint, high ceilings, and brand new fixtures. Head into the spacious living room to find an adorable fireplace as it opens into the large dining area with so much natural light. The updated kitchen boasts white cabinetry, beautiful quartz countertops, stainless steel appliances and a convenient laundry room which can also double as a large pantry space. A large downstairs full bathroom also completely updated is convenient for guests. Upstairs you'll find the three spacious bedrooms, one of which has an additional connected space ideal for an office or nursery. Don't forget the walk-in closet-a unique find in any historic home! An updated bathroom with dual vanities, shower/tub combo, and all new tile is both stylish and well laid out. Back porch for BOTH levels of the home, fenced backyard, and an off-street parking option with a driveway-so desirable! Two brand new HVAC units, brand new water heater, metal roof, updated plumbing and electric, and piped for gas if desired (not currently connected).
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017