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243 Paschel Avenue
About This Property
Strategically located minutes from Hurlburt Field, area beaches, and key retail corridors -- strong rental fundamentals driven by consistent military and PCS turnover demand. Solid bones with upside for value-add improvements or immediate rental deployment.
Sold by Trustee through bankruptcy court proceedings; property to be conveyed as-is. All offers subject to court approval and $10,000 buyers fee to be paid at closing.
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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 |
|---|---|---|---|
| Jul 15, 2026 | Listed by Coldwell Banker Realty | $205,000 | |
| Listed by Coldwell Banker Realty | |||
| Nov 20, 2025 | Price Decreased |
$235,000
↓ $30K
(11.3%) | |
| Price Decreased | |||
| Nov 12, 2025 | Relisted | $265,000 | |
| Relisted | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Jun 17, 2025 | Price Decreased |
$250,000
↓ $15K
(5.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017