16 Glendale STREET
About This 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 |
|---|---|---|---|
| Jun 12, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | In contract | - | |
| In contract | |||
| Apr 20, 2024 | Price Decreased |
$1,690,000
↓ $105K
(5.9%) | |
| Price Decreased | |||
| Mar 28, 2024 | Price Decreased |
$1,795,000
↓ $155K
(8%) | |
| Price Decreased | |||
| Jan 4, 2024 | Listed by VIEWPOINT REALTY INT'L INC | $1,950,000 | |
| Listed by VIEWPOINT REALTY INT'L INC | |||
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Fantastic income-producing opportunity. One of less than 20 homes beachside in Clearwater Beach permitted for short-term rentals. Unit produced ~$160,000 in 2023 and does not reflect owners use of the property. This charming bungalow pool home is a true gem, offering a perfect blend of historical charm and modern comfort. The home is just steps away from the beautiful beach of Clearwater, allowing you to fully immerse yourself in the coastal lifestyle. The main house features 3 spacious bedrooms and 2 updated bathrooms, while the detached guest house offers an additional 1 bedroom and 1 bath. This property is perfect for those looking for an income-producing property, as it is already set up for short-term rentals. The kitchen is the heart of this home and has been lovingly updated with all the modern conveniences, including brand-new stainless-steel appliances. The updated bathrooms are both functional and stylish, making the home perfect for both everyday living and entertaining. The outdoor space is airy, shaded, and a wonderful gathering place around a new electric heater for the pool/spa. For those cozy nights in, there is a fireplace (not warranted) that provides a warm and inviting atmosphere. The home is furnished and move-in ready, making it easy for you to start enjoying your beach life right away. The roof was replaced in 2018, ensuring that you have a solid roof over your head for years to come. In addition to the main house and guest house, there is a separate laundry/storage building, providing plenty of space for all your belongings. This is a rare opportunity to own a piece of Clearwater history and start making memories that will last a lifetime.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017