2039 Rice Canyon Road #41
About This Property
Located through custom pillars off Rice Canyon Dr this home has huge potential. The driveway is the width of the property so allows for ease of parking.
The left unit is updated with wood-look tile flooring, upgraded kitchen features including a stylish backsplash and new faucet, while both bedrooms have laminate flooring for easy maintenance. You'll love the remodeled bathroom shower, adding a touch of luxury to your daily routine. Expanding the living space, this unit features an add-on at the back, providing generous additional living and storage areas.
Each of the 2 units includes its own one-car garage and ample parking, ensuring convenience for residents and guests alike.
The ADU is tucked away in the corner, it has a generous living space with a cozy kitchen and bathroom plus its own fenced yard and patio cover.
Entering the back of the properties you will be welcomed by lush, meticulously landscaped backyards, offering private retreats yet connecting seamlessly with the surrounding property. The second piece of property has some storage sheds for versatility and the third adjoining property has a large barn and an access gate from 8th street for your convenience.
The property encompasses 3 APN's totaling over 51,000 sqft
As a delightful bonus, the property boasts several fruit trees, promising a bounty of fresh produce throughout the year.
Situated on septic and Rainbow Water, this property offers both functionality and sustainability. Don't miss out on this rare opportunity to invest in your future or create the ultimate family haven!
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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 |
|---|---|---|---|
| Sep 19, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Jun 10, 2024 | Listed by Jackie Steed, Broker | $999,999 | |
| Listed by Jackie Steed, Broker | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/10/2024
|
5 Bed
|
3 Bath
|
2130 ft²
|
$999,999
5 Bed
3 Bath
2130 ft²
|
$971,000
-2.90%
09/19/2024
|
Jacqueline Steed
Reliable Realty Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017