1826 SILVER Street
About This Property
This beautiful historic property in the heart of Springfield on desirable Silver Street will be sure to impress. Greeted by a canopy of mature trees and a sweet front porch, you will feel quickly right at home. As you enter, note the high ceilings, original hardwood floors, and grand stairwell. A renovated half bath off of the stairwell is convenient for guests. Head into what can be additional living space or a dining room with a focal point fireplace. Opening right into another spacious living room, much entertaining can take place here! The updated kitchen features a walk in pantry, wine fridges and bar area, granite countertops, stainless steel appliances, and tons of beautiful cabinetry including an island. A massive utility room will house laundry as well as any additional storage needs. Head upstairs to find all of the bedrooms. Three bedrooms share a well-sized bathroom (two of which need new flooring). An extra bonus nook would be a great play space or office area in between the bedrooms. A large hall closet is perfect for holiday bins or more clothing space. The primary suite features the bedroom, a flex space ideal for an office or a custom walk-in closet and a large bathroom complete with a separate shower, garden tub, and dual vanities. Out back, this area was made to gather friends and family. The deck, the astroturf, and the covered seating area make this an entertainer's outdoor oasis! Just blocks from all of the restaurants, shops, and happenings of the vibrant Springfield neighborhood as well as major interstates and hospitals, this property's location is both easy and convenient. Schedule your showing today!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017