24325 Main St
About This Property
Ideal for professionals looking for quaint office space, the layout supports private offices, a reception area, and a break room. Boutique owners will find the cozy ambiance enhances the shopping experience, while wellness practitioners can create a serene studio or clinic, suitable for massage therapy, acupuncture, or a small yoga studio.
While the property currently features a residential structure, it does not meet the minimum heating standards required by HUD to be classified as a residence. However, there is potential for a buyer to update the structure to meet these requirements, adding flexibility for future use.
With its commercial zoning and strategic location, this cottage offers a unique opportunity to seamlessly integrate a business into the fabric of Elbert. Embrace the potential of this commercial cottage to create a thriving enterprise in the welcoming community of Elbert.
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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 |
|---|---|---|---|
| Jul 2, 2024 | Sold | ||
| Sold | |||
| May 21, 2024 | In contract | - | |
| In contract | |||
| May 8, 2024 | Listed by Berkshire Hathaway HomeServices Colorado Real Estate, LLC | $180,000 | |
| Listed by Berkshire Hathaway HomeServices Colorado Real Estate, LLC | |||
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Charming commercial opportunity awaits in the heart of Elbert! This delightful 896 sq ft cottage, conveniently situated next to the vibrant South 40, is zoned for commercial use. Featuring five versatile rooms plus a kitchen and bath, this property presents a perfect setting for various business ventures.
Ideal for professionals looking for quaint office space, the layout supports private offices, a reception area, and a break room. Boutique owners will find the cozy ambiance enhances the shopping experience, while wellness practitioners can create a serene studio or clinic, suitable for massage therapy, acupuncture, or a small yoga studio.
While the property currently features a residential structure, it does not meet the minimum heating standards required by HUD to be classified as a residence. However, there is potential for a buyer to update the structure to meet these requirements, adding flexibility for future use.
With its commercial zoning and strategic location, this cottage offers a unique opportunity to seamlessly integrate a business into the fabric of Elbert. Embrace the potential of this commercial cottage to create a thriving enterprise in the welcoming community of Elbert.
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| May 3, 2001 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017