230 ADAMS AVE
About This Property
Welcome to this inviting ranch-style home that combines ample space with charming features! As you enter, you'll be greeted by a spacious living room adorned with a stunning wall of windows that floods the space with natural light. The cozy wood-burning stove, framed by a brick wall with a seating ledge, adds warmth and character. Original hardwood flooring flows throughout the home, complemented by a ceiling fan and curved architectural archways that gracefully connect the living room to the dining area.
The dining room is thoughtfully separated from the kitchen by a half wall with a countertop, defining the space while maintaining an open feel. The kitchen boasts solid wood cabinetry and generous counter space, and all black appliances will stay with the home, making it perfect for culinary enthusiasts.
For additional relaxation, step into the sunroom featuring wood plank walls and oversized windows, offering a delightful view of the spacious backyard from the upper level. The primary bedroom includes a large closet, and the attached primary bathroom has a retro appearance with great potential for your personal touch. Two generously sized bedrooms with closets share a conveniently located hall bathroom.
What truly sets this property apart is the remarkable sub-Terrain basement with walk out backyard on the lower level. This versatile space includes a great room and two bonus rooms, providing endless possibilities for recreation or officespace. A full workshop, lower-level laundry room, and utility room offer fantastic storage solutions, while the one-car underground garage adds to the property's functionality.
Additionally, enjoy the convenience of a separate one-car garage, currently utilized as a man cave, plus an additional shed for extra storage.
This rancher is a must-see for anyone looking for a spacious home with unique potential! Don't miss out-schedule your showing today!
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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 13, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | Listed by RE/MAX Preferred - Mullica Hill | $325,000 | |
| Listed by RE/MAX Preferred - Mullica Hill | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017