1808 NE 16th TERRACE
About This Property
Walk into an open floor plan that creates a seamless flow of the living room, dining room and kitchen. A breakfast bar in the kitchen with under cabinet lighting makes informal dining pleasurably easy. This open floor plan is ideal for both everyday living and entertaining.
The living room's Double French Doors opens to a large family-room/4th bedroom/office/man-cave that views mature palm tree and patio with wooden privacy fence that is perfect for family barbeques or entertaining.
Off the kitchen and dining room is a wooden deck, covered by a wood pergola where you will enjoy your morning coffee and dining al fresco. The spacious fully fenced backyard with a gate is a no worry place for your children or pets.
The large master bedroom boasts large windows, closets and master bath with stall shower. The guest bath has a tub and shower. Additional two bedrooms include large windows and large closets.
Close to the University, shopping, parks, restaurants and public transportation, this home offers the perfect blend of convenience, family life and comfort. Additional features; large utility room with newer washer, dryer, gas hot water heater, central air and heat, extra parking , ceiling fans, new countertops and vanities and outdoor storage shed.
Showings are by appointment on Tuesday pm, Saturday pm, and Sunday afternoons. Please use FAR/BAR "as is" contract
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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.
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About Gainesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017