159 W Addison Street
About This Property
Great starter home or investment property.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 29, 2024 | Sold | ||
| Sold | |||
| Nov 30, 2023 | Listed by TOM SCHINDLER, REALTOR | $119,000 | |
| Listed by TOM SCHINDLER, REALTOR | |||
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You have to walk through this updated home near Sharp Park and the Inner City Trail, which leads to Falling Waters Trail. This two-bedroom, one-bath offers a large formal living room and dining room, a new kitchen with a complete appliance package, and main floor laundry with washer and dryer hookups in the mudroom. Three season bonus room off the living room offers additional living space, two bedrooms upstairs, and an updated full bath with a tile shower. Updates include a newer roof, new windows, a new furnace, a newer water heater, Updated electrical, fresh paint, and new vinyl plank flooring throughout the home. Nice sized backyard with large patio with privacy fence. Super clean and neat, move-in today.
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| Sep 19, 2023 | Sold | ||
| Sold | |||
| Jul 12, 2023 | Listed by Coldwell Banker Groves Real Estate | $55,000 | |
| Listed by Coldwell Banker Groves Real Estate | |||
| May 2, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017