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2225 FOREST Boulevard
About This Property
Units 2 and 3 are currently tenant-occupied, with month-to-month rental agreements at $2,000 per month per unit. The property generates a total of $76,800 in annual rental income, offering investors an attractive income-producing opportunity at an asking price of $800,000.
A rare opportunity to acquire a property with established rental income and excellent long-term investment potential. Prequalification is required.
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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 9, 2026 | Listed by FLORIDA HOMES REALTY & MTG LLC | $699,900 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Dec 7, 2024 | Price Increased |
$349,999
↑ $999
(0.3%) | |
| Price Increased | |||
| Dec 6, 2024 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | $349,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | |||
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Exceptional Investment Opportunity or Perfect Multi-Generational Property!
Discover the potential of this remarkable property, situated on nearly an acre of land in the highly convenient Southside area. Whether you're looking for an outstanding investment or a versatile living arrangement, this property has it all.
Property Highlights:
• Main Home: Spacious 2,343 sq. ft. residence featuring 4 bedrooms and 2.5 baths, offering plenty of room for comfortable living.
• Guest Home: Generous 1,557 sq. ft. secondary dwelling with 3 bedrooms and 2 baths, ideal for extended family or rental income.
Rental Income Potential: The property is currently rented at $3,300/month by long-term tenants who are eager to stay, providing immediate and consistent cash flow.
Key Updates:
• Roof: Replaced in 2019 for added peace of mind.
• HVAC Systems: Both homes are equipped with heating and cooling systems.
• Water Heater: Brand new in the guest home for worry-free living.
This is a rare find th
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Property Highlights
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About Greater Arlington
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$1,978 /mo
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$2,500 /mo
- 4 Beds
- 2 Baths
- 1,624 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017