206 8th Ave
About This Property
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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 |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2024 | Listed by 8z Real Estate | $699,000 | |
| Listed by 8z Real Estate | |||
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Discover the potential of this charming renovated single-family home paired with a detached 1-bedroom, 1-bath cottage (912 sq. ft. ADU) - a perfect setup for Investors and live-in investment owners alike! With a rate buydown and a 3-year discounted refinance option available through our lending partner, Collective Mortgage, this property makes for an enticing financial prospect. The main home features a turnkey layout with 3 bedrooms (2 on the main level) and 2 bathrooms, complemented by a well-appointed kitchen. Imagine sipping your morning coffee on the inviting front porch while soaking in the tranquility of this lovely neighborhood. *** Versatile ADU is a standout feature, offering its own private entrance, fenced yard, and garage. It includes a kitchen, living area, study, 1 bedroom, and a bathroom, making it perfect for hosting guests or generating additional rental income. Whomever stays in the cottage will relish the privacy and serenity it offers. Located just a stone's throw from the vibrant Old Town Longmont, you'll enjoy access to delightful restaurants, unique shops, and beautiful parks. Local favorites like Tangerine, Lucile's Creole Cafe, Pumphouse Brewery, Jefe's Tacos, and Ziggi's Coffee are all within walking distance! Whether you're looking to invest or seeking a home with income potential, this property is your ideal solution. Explore the versatility of this gem and see how it aligns with your real estate goals. Don't miss out on this unique opportunity - schedule a showing today!
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| Aug 5, 2024 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| May 30, 2024 | Price Increased |
$750,000
↑ $25K
(3.5%) | |
| Price Increased | |||
| May 29, 2024 | Listed | $725,000 | |
| Listed | |||
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GREAT INCOME PROPERTY ... This property features a charming renovated, SINGLE FAMILY HOME with a DETACHED 1-bedroom 1-bath COTTAGE (912 square foot ADU). RATE BUYDOWN Option Offered - to qualified buyers through lending partner - Collective Mortgage (8z Mortgage). Contact agent for details. ***Perfect for generating rental income or accommodating extended family*** The ADU adds significant value to this versatile property. The charming colonial blue exterior welcomes you home. The turnkey main floor of the primary home has 3 bedrooms (2 on the main floor), 2 baths, and a well appointed kitchen. Enjoy your coffee on the front porch while enjoying the serene & charming neighborhood. The cottage on the back of the lot, with it's own private entrance, fenced yard and garage, offers plenty of space for family and friends to have an extended stay by offering a separate entrance, kitchen, living area, a study, 1 bedroom, and a bathroom - or rent it out for additional income. Whomever stays in the cottage will appreciate the privacy and peacefulness. Enjoy the convenience of being within walking distance to the vibrant Old Town area, with its delightful restaurants, unique shops, and beautiful parks. Located steps from local favorites such as Tangerine, Lucile's Creole Cafe, Pumphouse Brewery, Jefe's Tacos, Ziggi's Coffee and more! Whether you're looking to invest or find a home that offers both comfort and potential income, this property provides an ideal solution. Embrace the Old Town Longmont lifestyle and explore all that this sought-after neighborhood has to offer. There is plenty of versatility to this property, come by and see how it can work for your real estate dreams.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017