228 E St #A
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%.
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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.
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 |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jun 19, 2024 | In contract | - | |
| In contract | |||
| Jun 3, 2024 | Listed by Full Circle Real Estate Group | $624,300 | |
| Listed by Full Circle Real Estate Group | |||
| | |||
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Own a piece of history in this first story unit located in the heart of Salida's Downtown Historic District! This condominium is one of two in this building, lovingly restored to maintain many original architectural features. Bright and light filled thanks to the large windows, you'll instantly fall in love with the brick walls, hardwood flooring, and high ceilings! Cozy up for a movie in the spacious living room with electric fireplace. Enjoy preparing meals in the open kitchen featuring a gas stove, vent hood, island with farm sink and dishwasher, and all that natural light! The primary bedroom features a walk-in closet and en-suite bathroom, complete with tiled floor, dual sinks, and shower/tub combo. The secondary bedroom could be an amazing guest suite with its own 3/4 bathroom and private entrance, or make it into your home office. This condominium is located in the C-2 Central Business District. With concrete ramp access, 2 dedicated off-street parking stalls out front, plus on-street parking along E Street, you could easily create an ADA accessible short term rental! Single story condominiums, especially with so much character, are hard to come by ... don't let this one slip by! Check out the 3D tour on-line and then schedule a showing today! (Floor plan is approximate.)
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/03/2024
|
2 Bed
|
2 Bath
|
1211 ft²
|
$624,300
2 Bed
2 Bath
1211 ft²
|
$624,000
-0.05%
08/21/2024
|
Cathy Chochon
First Colorado Land Office, Inc.
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017