190 Apache ST
About This Property
It features a double-wide modular home with an FHA foundation, along with a separate, approximately six-year-old mobile home that includes one bedroom and one bath, both in immaculate condition. Each residence has its own electric meter, shares a water meter, and has separate septic systems. Please note that the MLS square footage only reflects the main home and does not include the 414 square feet of the secondary residence.
For parking, there is a two-car carport, along with a storage shed on a concrete slab and a Mancave SteelMasters 24X40 workshop on a 960 square foot slab with electricity. Both homes are surrounded by beautiful oak and pecan trees, and the owners have deer that reside on the property year-round.
There is also a chicken coop area where free-range chickens were once kept, a fenced area for fruit trees, and plenty of trails throughout the property. A major bonus is access to co-op water, so no well is required. There is an older well on the property with a stuck well head, but the owner has not attempted to repair it.
Photos don't do this property justice-it is a must-see in person. We have also attached photos from springtime to showcase how lush the area is.
A bit more about the main home: It shows like new, recently installed vinyl plank flooring throughout, except for two guest bedrooms. The kitchen has recently updated laminate counters, an upgraded smooth surface range, and a black composite sink. Additionally, there is a fenced front yard area for young children and pets, along with a covered front patio. You won't be disappointed and bonus is the wonderful neighbors!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 3, 2025 | Price Decreased |
$435,000
↓ $15K
(3.3%) | |
| Price Decreased | |||
| Jan 6, 2025 | Listed by All City Real Estate Ltd. Co | $450,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017