1640 SE 91ST PLACE
About This Property
Situated on 2.2 fully fenced acres, the property is well-suited for one to two horses, with plenty of room to add a small barn or stable-a great fit for equestrian buyers looking for space to grow.
From the moment you arrive-through the automatic ornamental gate, past the expansive circular driveway, and up to the three-car garage-you'll see the great bones this home has to offer. Step through the grand double-door entry into a light-filled interior featuring formal living and dining rooms, with a stunning coffered ceiling in the living room, along with a private library-ideal for a home office or quiet retreat.
The kitchen offers a well-appointed center island, coffee bar, double ovens, abundant custom wood cabinetry, and granite countertops-a solid foundation ready for a buyer's personal touch. It flows into a bright breakfast room with a beautiful bay window offering a wonderful view of the pool and yard, and into an inviting family room anchored by a warm, cozy fireplace-perfect for gathering with family and friends, once you've made it your own.
The primary suite offers French doors to the lanai and an oversized walk-in closet, with an en-suite bath featuring dual vanities, a soaking tub, and a separate walk-in shower. Three additional bedrooms and three additional bathrooms provide ample space, including a versatile fourth bedroom above the garage with its own full bath-ideal as an in-law suite, guest quarters, or private retreat. A full cabana bath on the main floor offers convenient pool access.
Outside, the covered lanai with an outdoor bar and screened pool deck under a large birdcage enclosure are ready for someone to bring fresh energy and finish what's already a great outdoor setup-with plenty of room left over for horses or a barn.
The big-ticket items are already handled, with a new roof, two new A/C units, and two new hot water heaters all installed in 2023-so your renovation dollars can go straight into cosmetics and personalization rather than major systems. This is a true fixer-upper opportunity with real bones, real acreage, and real upside. Schedule your private tour today and see the potential for yourself.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017