2226 CESERY Boulevard
About This Property
Rare opportunity to purchase a home on 1-acre, double lot, located on Lake Lucina. Arlington folk lore has it that this was the private home of William Cesery who built over 2000 homes and hundreds of apartments in Arlington back in the 50's. Home does need TLC to bring it back to its former glory. Home offers 4 bedrooms and 3 bathrooms, living & dining rm, large Florida room and screened pool facing huge back yard and lake Lucina.
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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 |
|---|---|---|---|
| Mar 16, 2022 | Sold | ||
| Sold | |||
| Jan 26, 2022 | Listed by WATSON REALTY CORP | $325,000 | |
| Listed by WATSON REALTY CORP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017