235 BEECH ST
About This Property
Designed for efficiency and ease of management, the property offers separate electric meters, water heaters, and off-street parking for every unit. Utility expenses are streamlined-water, sewer, and electric are covered for the studio units, while the 3-bedroom tenant handles their own electric usage. Energy-efficient upgrades include state-of-the-art mini splits in the studios and effective electric baseboard heating in the 3-bedroom, with Unit 1 boasting a brand new hot water heater.
Investors are invited to explore this high-performing asset during our scheduled open houses on Saturday, March 15th (12–2pm), Sunday, March 16th (12–2pm), and Monday, March 17th (5–7pm). Don't miss your chance to acquire a property with proven income and significant value-add potential. NO private showings, can only see at OPEN HOUSES ONLY.
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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 19, 2025 | In contract | - | |
In contract | |||
Mar 12, 2025 | Listed by GuaranDeed Real Estate | $349,999 | |
Listed by GuaranDeed Real Estate | |||
Feb 11, 2022 | Sold | ||
Sold | |||
Jul 29, 2014 | Sold to Property Management Llc Ace | ||
Sold to Property Management Llc Ace | |||
Jun 6, 2008 | Sold to Marysona G Brod, Stephen H ... | ||
Sold to Marysona G Brod, Stephen H ... |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/19/2021
| |
Studio
|
-
|
2717 ft²
|
$180,000
Studio
-
2717 ft²
|
$185,000
+2.78%
02/11/2022
|
-
|
Audrey Eisenhuth
Springer Realty Group
|
Building Info
