241 & 245 Willow Court #MULTIPLE
About This Property
Welcome to 241 and 245 Willow Court! Located on a quiet street just on the borderline of Clemson and Central.
This listing is comprised of two quadplex buildings, with a total of 8 units. Each unit has 2 Bedrooms/2Baths with a private screened-in back patio. Multiple units have updated flooring, toilets, and fresh paint. Willow Court is fully leased with excellent rental history. Units are currently leasing at $395/bedroom, with room for growth, as there has been no rent increase in years.
The exterior of the property has just had decking and stairs renovated, new back patio doors where needed, tree removal, all trees trimmed away from the buildings, and gutters cleaned to ensure cost-effective landscaping and minor Common Area Maintenance.
Located close to shopping, restaurants, and the CAT bus route.
24-hour notice for showings, as all units are occupied. The property is currently managed by Tiger Properties. Contact the leasing office for showings at
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Cap Rate Calculator
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 13, 2024 | No longer available | - | |
| No longer available | |||
| Feb 4, 2024 | In contract | - | |
| In contract | |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| Dec 30, 2023 | Relisted | $799,000 | |
| Relisted | |||
| Dec 8, 2023 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/16/2023
|
Studio
|
-
|
-
|
$990,000
Studio
-
|
-
-
|
Desiree Roberts
Monaghan Company Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017