Welcome to this BEAUTIFULLY UPDATED 3 bedroom, 2.5 bath End Unit
Townhouse in "The Grande" that is finished with MODERN style and
finishes throughout! This gorgeous home has been well-maintained
and updated by the original owners. Upon entry, you are greeted
with hardwood flooring that leads into the finished basement with
approx. 300 sq ft that is perfect as a home office, additional
living room, or playroom, and offers additional closet space for
storage. It includes a laundry area with a newer washer and dryer.
Access the backyard through the sliding door to enjoy the paver
patio for a Summer BBQ or for the little ones to run around the
HUGE backyard. Finishing the entry-level is a half bath and access
to the garage with ceiling racks for extra storage. On the second
level, you will find the beautiful Kitchen that is accented with
newer sparkling granite countertops, breakfast bar with seating for
2, glass subway tile backsplash, cherry shaker cabinetry, all newer
stainless steel appliances, stone tile, and a large eating area
with access to a private deck that overlooks the open, tree-lined
yard. The Sun Room is just off the Kitchen and serves as the
perfect place to relax and unwind with the gas fireplace. The large
Great Room is adjacent with newer neutral carpeting and neutral
paint, an abundance of recessed lighting, and windows that pour in
natural sunlight. Upstairs, you will find the Primary Suite that
was upgraded to include a sitting area with a walk-in closet and a
separate sleeping area with newer carpet and neutral paint. You'll
love the updated, modern spa bath that features a double vanity,
newer frameless shower, newer toilet, and large sunken bath. The 2
additional bedrooms also offer newer upgraded neutral carpeting and
neutral paint. The hall bath offers a newer vanity, tile flooring,
newer toilet, and toilet/ shower combo. Neutral carpet and paint
throughout, plus a newer hot water heater. Conveniently
located near Rt 130, I-295, and NJ Turnpike. Extremely well
cared for!
Unit Size
1,482 Ft²
Days on Market
3 days
Land Size
-
Price per sqft
$243
Property Type
Condo
Property Taxes
$603
HOA Dues
$260
Year Built
2004
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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