2025 FRANWALL AVE
About This Property
Welcome to 2025 Franwall Avenue. Don't miss out on this stunning light-filled and beautifully renovated 3 bedroom/3 bath rambler on an expansive 16,414 sq ft lot. The home was fully renovated in 2022 with no expense spared. The first level features an updated kitchen with all new stainless steel appliances, a master bedroom en-suite with a turnkey bathroom, along with 2 additional bedrooms and a tastefully remodeled full-bath with a large skylight.
Entertain with guests in the dining room before enjoying evening drinks in the main level living room, or relax and unwind on the rear deck with friends and family as the kids play in the fenced in backyard. The basement level offers a large open floor plan design perfect for a family/TV room, separate home office/library, and a full bath, utility room, with a rear basement walkout. The lower level could easily transform into the perfect in-law suite. Additional upgrades include: new HVAC unit (2022), new roof (2022), new LVP flooring throughout, new ceramic tile, recessed lighting throughout, all new exterior and interior painting. Close to shopping and all commuter routes: 0.6 miles to the Wheaton Metro, 1.4 miles to Wheaton Mall/Costco, close to the 495, and I-200.
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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%.
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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 |
|---|---|---|---|
| Jan 11, 2023 | Sold | ||
| Sold | |||
| Oct 28, 2022 | Listed by Compass | $615,000 | |
| Listed by Compass | |||
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About Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017