18344 SHARON RD
About This Property
From the moment you set your eyes on this raised rambler, you'll notice the solid bones and classic architecture that make it a perfect canvas for your next renovation project. The exterior boasts a generous lot size with ample space for landscaping, a backyard oasis, or even an extension to the existing structure.
Upon entering the home, you'll be greeted by an inviting floor plan that seamlessly connects the living, dining, and kitchen areas. The five generously-sized bedrooms offer plenty of room for family members or potential tenants. The two-and-a-half bathrooms, while functional, would benefit from modern upgrades to enhance its appeal.
The lower level features a spacious, unfinished basement that is a blank slate for your creative vision. This area presents a unique opportunity to increase the home's value by adding extra living spaces, such as a family room, additional bedrooms, or a rental unit to generate passive income. The possibilities are limited only by your imagination and local zoning laws.
One of the key selling points of this raised rambler is its convenient location. The home is situated near major highways, public transportation, schools, and shopping centers, making it an ideal choice for families or busy professionals. The well-established neighborhood also provides a strong sense of community, which adds to the home's allure.
While this raised rambler may require an investment in time and resources, the potential for a significant return on investment is undeniable. With the right vision and craftsmanship, you can transform this fixer-upper into a stunning masterpiece that will be the envy of the neighborhood or a high-demand rental property.
In conclusion, this raised rambler fixer-upper is a golden opportunity for investors who are willing to roll up their sleeves and put in the work to uncover its true potential. Seize the chance to create a stunning living space or a profitable investment by harnessing the endless possibilities this property offers. This hidden gem won't last long on the market, so act fast and schedule a viewing 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%.
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