23145 Cherry Hill Street
About This Property
On the second floor, you'll find a large primary suite and a third bedroom. The lower level is fully finished with a complete kitchen setup and an extra full bathroom, providing versatile options. This space can serve as a secondary living area or as an independent living quarters for guests or extended family. Outside, the property includes a detached garage and a charming brick exterior, complemented by newer vinyl windows. The fenced backyard is a blank canvas ready for your personal touch to transform it into your private retreat. Conveniently located near schools, parks, and downtown, with easy access to Michigan and Telegraph roads, this home is situated in a wonderful neighborhood and awaits its new owners. Call Matthew D. Miller today to schedule your own private showing of 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%.
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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Jan 27, 2025 | In contract | - | |
| In contract | |||
| Oct 14, 2024 | Relisted | $350,000 | |
| Relisted | |||
| Oct 10, 2024 | No longer available | - | |
| No longer available | |||
| Sep 5, 2024 | Listed by Real Broker, LLC | $365,000 | |
| Listed by Real Broker, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017