16 W 3RD ST
About This Property
You will be surely amazed if you come and take a look at this charming 2-story fully-renovated single-family house, everything looks big. The property is centrally located in town and just a short walk away from the picturesque Delaware River. Convenience and character await you! With 5 spacious bedrooms and 2 full large bathrooms, it offers ample space for large families. Bathed with sun light, the 133 sqft sunroom is an extra on the top of the 2060 sqft property. Huge kitchen is full of sunshine. Gas heating and central air conditioning. New roof, new flooring throughout. Whole house has been freshly painted in tasteful neutral colors including basement. Rare first floor bedroom offers convenience. The remaining four bedrooms are on the second floor. Two big full baths serve the needs of family and guests alike. Dedicated driveway parking. Huge backyard is the perfect setting for outdoor gatherings and it can provide more possible parking space or you can build your own parking garage. Attic and basement provide multiple storage areas. Conveniently located near the Florence River line Light Rail Station and major highways like Routes 295, 130, 206 and the NJ/PA Turnpike. Cash or conventional loan only
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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 |
|---|---|---|---|
| Jul 3, 2024 | Sold | ||
| Sold | |||
| Jun 25, 2024 | In contract | - | |
| In contract | |||
| May 13, 2024 | In contract | - | |
| In contract | |||
| May 8, 2024 | Price Decreased |
$414,900
↓ $5K
(1.2%) | |
| Price Decreased | |||
| May 1, 2024 | Price Decreased |
$419,900
↓ $10K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017