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16000 NARROWS TERRACE
About This Property
Welcome to this beautifully maintained brick-front center hall colonial tucked away on a quiet cul-de-sac in desirable Norwood Village. This spacious home offers 4 bedrooms and 3.5 baths with thoughtful updates and versatile living spaces throughout.
The updated gourmet kitchen features granite countertops, newer cabinetry, stainless steel appliances, including a new microwave and stove, plus a pantry, recessed lighting, and a sunny breakfast area. Hardwood floors run throughout both the main and upper levels, adding warmth and timeless appeal.
The main level offers generous living and entertaining spaces, including one of two brick hearth wood-burning fireplaces. Upstairs, the spacious primary suite includes a private sitting room and updated en-suite bath. All bathrooms throughout the home have been updated.
The fully finished walkout basement provides exceptional flexibility with additional rooms ideal for a den, office, gym, or hobby space, along with the second brick hearth fireplace.
Step outside to a large deck off the kitchen, perfect for relaxing or entertaining.
Ideally located directly across from Northwest Golf Course and just minutes from shopping, recreation, and the ICC, this home offers easy commuting in every direction while being surrounded by parks and outdoor amenities.
A rare opportunity in a prime location-don't miss it!
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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.
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About Aspen Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017