1638 Main Street NE
About This Property
This is a handiman special. House has been cleaned out, including lower Kitchen Cabinets, . Home is in Probate. Probate is expected to be completed by of June 30th. The roof is newer. ''Roladin'' shutter on the windows. PLEASE watch your step the floor has not be swept.
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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%.
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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 20, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| Jul 25, 2024 | Price Decreased |
$229,999
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Jun 13, 2024 | Price Increased |
$239,999
↑ $10K
(4.4%) | |
| Price Increased | |||
| Jun 12, 2024 | Listed by Atlantic Florida Properties Inc | $229,999 | |
| Listed by Atlantic Florida Properties Inc | |||
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Absolutely charming cottage style house. Renovated from top to bottom. Open floor plan with breakfast bar. Solid wood kitchen cabinets, Quartz countertops, marble backsplash, deep single sink with garbage disposal. Lots of kitchen storage space with 2 food pantries and a corner base cabinet. Samsung appliances include refrigerator with filtered water and ice maker. Air fryer range and dishwasher. Large laundry room with Jalousie windowed door creating great air flow while doing laundry. Vinyl flooring throughout. Bathroom features new bathtub, tiled shower walls with waterfall design and niche for convenience. New HURRICANE/IMPACT WINDOWS throughout as well as new central a/c and new hot water tank. Large back yard with interior canal and woods in the back. Cedar trusses, newer roof!!! Property is located with a park on one side and 3 vacant lots on the other. Driveway and carport big enough for 2 vehicles. Blink security system installed. Furniture negotiable. Perfect for an Air BnB as the property is located 2 blocks from Indian River/ Castaway Park. Fishing and Beach available. Watch the rocket launches from your front porch.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017