186 W Archer Pl
About This Property
This charming, updated 2 bed, 1 bath bungalow in Baker with an ENORMOUS 2+ CAR GARAGE is in the center of it all! A terrific blend of modern convenience with historic charm. From the original hardwood floors, trim and molding to the new high efficiency furnace and A/C, you couldn't ask for anything more! The home has welcoming curb appeal with well-maintained landscaping and covered front porch. This quaint front porch is a great place to greet guests, meet neighbors, and a perfect space to relax and enjoy the scenery. As you walk in the door, you are greeted by an open and bright living room that flows right into the renovated kitchen with dine-at peninsula. On the main floor, you'll find two spacious bedrooms and a fully updated bathroom. The basement is an open area with space for laundry, storage and anything else you can imagine. The backyard is an entertainer's delight, with manicured landscaping and newer pergola which offers lots of shade while relaxing and dining.
The (rare for Baker) OVERSIZED 2-Car GARAGE has TONS OF STORAGE above in the loft! And don't forget to research all the ADU possibilities that the Baker Neighborhood has to offer! A carriage house/ADU could generate great monthly income!
Only blocks from vibrant South Broadway, which offers theaters, shops, restaurants, coffee shops, pubs and easy access to mass transit!
Set up your showing today or stop by the open house this Sunday, 7/9 12pm-3pm!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017