1946 Welch 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 |
|---|---|---|---|
| Apr 17, 2024 | Sold | ||
| Sold | |||
| Mar 22, 2024 | In contract | - | |
| In contract | |||
| Mar 15, 2024 | Listed by JSingh Homes | $760,000 | |
| Listed by JSingh Homes | |||
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** Offer accepted 3/19/2024** Step into the enchanting world of 1946 Welch, nestled in the sought-after River Oaks Shopping Center area. This modern jewel greets you with a stylish entry and an elegant staircase blending iron with wood, exuding sophistication. The first floor offers a bedroom with an ensuite, ideal for guests or as a personal haven. Ascend to a luminous living area on the second floor, featuring a balcony, luxurious wood flooring, and a kitchen equipped with high-end Thermador appliances. An adjacent nook easily converts into a bright home office or versatile space. The primary suite is a haven of luxury with a tiered ceiling, two spacious walk-in closets, and an ensuite bath with modern vanities. A tranquil front yard and private driveway enhance the allure, while its prime location affords easy access to the Texas Medical Center, Downtown, and Rice University. 1946 Welch is not just a home; it's a lifestyle of elegance and convenience waiting for you.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017