18722 Strathern Street
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2024 | No longer available | - | |
| No longer available | |||
| Jan 13, 2024 | In contract | - | |
| In contract | |||
| Nov 21, 2023 | Listed by Beverly and Company, Inc. | $1,290,000 | |
| Listed by Beverly and Company, Inc. | |||
| | |||
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Welcome to a rare and lucrative investment opportunity with this expansive property, presenting a golden opportunity for investors of all backgrounds. Whether you're a seasoned investor or just beginning, this is a chance that should not be missed. Sprawling across an impressive 21,793 square feet, the canvas is set for you to leave your mark. The property contains a main residence, a 3-bed, 2-bath haven and two duplexes, each with 2 bedrooms and 1 bathroom, for a total of 4 additional units.
Noteworthy is the versatility this property offers. The two existing duplexes open the door to customization and future development, as they currently lack permits. Imagine the potential for enhancement or an entirely new project on this sizable canvas. Beyond the structures, the property boasts a charming community sitting area and lush fruit trees, creating a serene backdrop for residents.
Situated on a large lot with untapped potential and a strategic location, this property beckons to those with a keen eye for investment. The prospects for growth and development are boundless, making this not just a transaction but a gateway to endless possibilities. Don't miss out on this chance to shape the future of real estate and capitalize on the myriad opportunities that await. The manager has listed the unit size as 2046 square feet.
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| Jan 4, 2022 | Sold | ||
| Sold | |||
| Nov 24, 2021 | Listed by Century 21 Masters | $900,000 | |
| Listed by Century 21 Masters | |||
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About South Valley
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$3,700 /mo
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$7,800 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017