16 LEXINGTON AVE
About This Property
Seller is offering a $15000 seller concession Hurry, this charming home in Pitman won't last long! As you approach the property, take note of the extended lot, offering plenty of space for outdoor activities and fun. The inviting porch is perfect for placing two or three rocking chairs, making it an ideal spot to enjoy your evening coffee.
Upon entering the home, you'll be greeted by a wide staircase, designed for easy moving. The interior features a mix of hardwood floors, carpet, and tile, providing both style and comfort. The kitchen is warm and inviting, with rich dark wood cabinetry that enhances its beauty.
The large living and dining rooms are filled with natural light from the generous windows, creating a bright and airy atmosphere. Off the dining room, you'll find a cozy den, perfect for relaxation or as a home office. The updated powder room is conveniently located off the kitchen.
Step out the back door to discover a 1.5-car garage, offering ample space for parking and storage. Proceeding up the wooden staircase, you'll find three nicely sized bedrooms and one full bath, which includes access to the walk-up attic, perfect for additional storage or potential expansion.
This home is heated with oil, with the tank located in the basement, which also provides plenty of storage space. Welcome to Pitman living at its finest – don't miss out on this wonderful opportunity! This is an as is sale. Seller will obtain the CO
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Relisted | $334,000 | |
| Relisted | |||
| Jul 22, 2024 | In contract | - | |
| In contract | |||
| Jul 4, 2024 | Price Decreased |
$334,000
↓ $5K
(1.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017