156 COTTAGE GROVE DR
About This Property
Outside, the private pier with an electric 10,000lb boat lift, room for up to 4 boats, deep water access (10' MLW), and 61 feet of rip-rapped waterfront footage offers endless possibilities for water enthusiasts. Enjoy breathtaking views from the 108' main pier, finger pier and gorgeous backyard - the perfect spot for hosting gatherings and creating cherished memories or spending a relaxing morning watching the blue herons and other wildlife.
This freshly repainted home boasts all new flooring and windows for turn-key living. On the main level, a well-appointed kitchen and a separate dining area lead to the back deck, where panoramic water views await. Upstairs, the primary suite beckons with its own waterfront balcony, walk-in closet, and recently remodeled ensuite bath, while two generously sized bedrooms and a hall bath complete the upper level.
Downstairs, the lower level features a spacious family room with a cozy fireplace, sliders to the patio overlooking the waterfront backyard, and a convenient storage room with ample space for all your storage needs. This flexible space also includes roughed-in plumbing for a half bath.
Live just steps from the Cottage Grove community amenities, including a beautiful beach, playground, and picnic area. The friendly community of Cottage Grove is also ideally situated near BWI airport, Baltimore, Annapolis, DC, and all major commuting routes, making it a perfect choice for those seeking both tranquility and accessibility. Don't miss this incredible opportunity to own a waterfront home at an affordable price. Experience the beauty of Cottage Grove and the unparalleled allure of waterfront living!
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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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About Riviera Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017