2129 Ernest Street
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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.
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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 |
|---|---|---|---|
| Jun 24, 2024 | Sold | ||
| Sold | |||
| May 24, 2024 | In contract | - | |
| In contract | |||
| Apr 1, 2024 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $625,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
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This super cute, classic Riverside bungalow was built in 1926 and then totally gutted and renovated in 2015. In 2017, a separate 1 bedroom, 2-story 675 sq. ft. guest house approved by the historical society and built by the current owner in the very private rear of the backyard. Everything was updated to current building codes and lifestyles. To the main house, open cell spray foam insulation was added to the attic and crawl space in 2016. The main bungalow was painted in 2020. The Guest House or second ADU was
constructed from cement Hardie planks, with casement windows throughout.
Polished concrete flooring on the lower level.
The second ASU includes a full kitchen. Custom concrete countertops with reclaimed barn wood cabinetry, shelving, and pantry doors in the kitchen. Substantial storage in all lower cabinets, kitchen island, pantry and under stair closet. Close to MD Andersen Cancer center and Mayo Clinic. Possible multi family with the second ADU. . The loft has a sleeping area, with built in bookcase, a walk-in closet, and a spacious bathroom. Twin sliding barn doors for provide privacy between areas. The bathroom has a walk-in shower, Travertine tile flooring, white subway tiled walls, reclaimed barn-wood vanity with storage and mirrored medicine chest.
Great for extended stays of family and friends or makes a 1-bedroom income producing rental. Located in the 5 points area of historic Riverside. Easily walk to the park, five points, shopping, and local restaurants. The entire property was custom landscape from design to installation with an emphasis on hardscaping, using custom geometric granite pavers, granite rock, white river rock, pine bark mulch and repurposed sidewalk pavers. Shadowbox fencing, privacy hedges, and mature clumping (non-running) bamboo provide exceptional privacy for the side porch and backyard area. Various trees, shrubs, jasmine, and flowers spread throughout the property. There is a sizable storage shed for gardening tools and equipment. As well as a gate with access to the wide, well-maintained alley at rear of property.
The dining room light fixture does not convey. Fireplace sold AS IS.
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| May 6, 2015 | Sold | ||
| Sold | |||
| Mar 31, 2015 | Listed by TURN KEY REAL ESTATE GROUP | $259,000 | |
| Listed by TURN KEY REAL ESTATE GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017