1678 Vrain St
About This Property
Perched directly across the street from the City's second-largest park [177-acres] with excellent trails, many lake activities, bird watching, people watching, playgrounds, fitness classes & pickle ball courts coming soon. The massive St Anthony's Redevelopment now has more than 15 restaurants and hang-outs and its all just a 2-5 blocks from here.
This massive corner triple-lot is rare in a coveted urban community and even more-rare right on one of the City's best parks! Its zoned for a "Tandem House", which means you can add another house (think ADU but larger AND it can be owned separately).
This grand-sized home has more than 3,400 square feet. Three of the levels that have excellent natural light. It offers great versatility. Plus, if offers zoning that accommodates an ADU.
This is a well-built home with great bones. It has no "need" projects, but there may be some "want" updating. Due to the possibility of someone wanting to purchase with the intent to do a major transformation or a scrape, we've intentionally not updated kitchen. We can provide some cost estimates for updating the kitchen & main living areas.
Within five blocks: The Patio at Sloan, Odell Brewing (w/ pizza), Gusto, Barfly, Alamo Drafthouse Cinema, Mizuumi Ramen & Sushi, Starbucks, Natuur, Sloan's Tap & Burger, Vatos Tacos & Tequila, Whole Sol Blend Juice Bar and many others. Nearby, within a mile (less if walking around the lake): Little Man Ice Cream Factory, King Soopers, Target, Ace Hardware, LamaiThai Kitchen; Skyline Pub, Dunkin Doughnuts, Ohana Grille, Rupert's at the Edge, Edgewater Public Market's: Carnivore, Lazo Empanadas, Slideshow, Arepas House, Lucky Bird, Barbed Wire Reef, Tilford's Wood Fired Pizza, Barquentine Brewing CO and many more.
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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