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15745 EDGEWOOD DRIVE
About This Property
Step inside to find luxury vinyl plank flooring, a separate living room and dining room, and a warm, inviting family room featuring custom built-ins and a wood-burning fireplace with mantel. The updated kitchen is a standout, showcasing granite countertops, stainless steel appliances, built-in microwave, and space for casual dining.
Enjoy peaceful outdoor views from the spacious deck overlooking the backyard. The garage workbench conveys, adding functionality for hobbys and storage.
The walkout lower level offers a large recreation room, a full bathroom, wine closet storage, and a fifth bedroom (not to code), providing plenty of flexible living space. The basement refrigerator also conveys.
Upstairs flooring and stairs have been updated to hardwoods! Upstairs, leads to the bedroom level where you'll find the conveniently located washer and dryer. The spacious primary suite features a chandelier, walk-in closet, and an updated ensuite bath with dual vanities and a beautifully updated shower. Three additional spacious bedrooms share an updated hall bathroom.
Major updates include: • Roof replaced in 2019 • Siding, gutters, and gutter guards replaced in 2022 • Water heater replaced in 2016• HVAC system (indoor and outdoor units) replaced in 2011
Located in the highly desirable Montclair community with its lakes, beaches, pools, parks, and numerous amenities, this home combines timeless charm with thoughtful updates and a wonderful setting. Stay tuned for more details on this exceptional opportunity!
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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.
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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 Montclair
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017