1549 OCEAN Boulevard
About This Property
Front custom castle gate leads to private court yard overlooked by exterior balcony off 2nd floor Studio Suite.Covered back patio with built in outdoor bar and grill. HVAC one unit up (new 2018) with 3 individual zones for each bedroom and one unit on down (new 2017). All bathroom fixtures and vanities upgraded. Top grade roof and 38 Simonton windows, replaced (2018). Beautiful coquina driveway with brick trim can accommodate 4 vehicles Along with 2 car garage. Just one block to the ocean, three blocks from Atlantic Beach Country Club and a short bike ride/golf cart to Atlantic Beach/Neptune Beach Town Center for dining and shopping.
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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