2512 Helms ROAD
About This Property
Your sanctuary awaits in the primary bedroom, boasting a generous walk-in closet with a barn-style door. Pamper yourself in the ensuite bathroom, featuring a luxurious walk-in shower, jetted tub, and the added comfort of a bidet. Bedrooms 2 and 3 offer blank canvases for your design dreams, eagerly awaiting the touch of a new owner's style. While the guest bathroom with bidet has received some modern touches from the vanity to the large walk-in shower, there's still room for your personal flair.
Entertain effortlessly in the spacious living room, recently undergoing updating to create an inviting atmosphere for hosting guests. The kitchen shines with newer stainless-steel appliances, including the refrigerator, range, and microwave. Admire the tile countertops and backsplash as you gaze out the window onto the backyard and large workshop. Discover convenience with a barn-style door leading to the partially converted garage currently a workshop but ready to be a project room or office space. Off to the back sits the laundry room, complete with shelving, washer, dryer and an ice maker.
Outside, a sturdy architect shingle roof, complemented by gutters, protects the home's foundation from the elements. A spacious backyard hosts a large workshop with its own HVAC unit and a tall carport perfect for storing your RV or boat. Formerly a mechanics garage with full power, insulation and under air, this building is ready to continue providing a workspace for a hobbyist or potentially a blank slate for designing an apartment.
Relish the tranquility of your private backyard, overlooking a vacant lot that ensures your peaceful retreat remains undisturbed. Don't miss this opportunity to make this your own slice of paradise! Seller motivated.
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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 17, 2024 | Sold | ||
| Sold | |||
| Jun 21, 2024 | In contract | - | |
| In contract | |||
| Jun 8, 2024 | Price Decreased |
$270,000
↓ $5K
(1.8%) | |
| Price Decreased | |||
| May 23, 2024 | Price Decreased |
$275,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| May 10, 2024 | Listed by LPT REALTY | $285,000 | |
| Listed by LPT REALTY | |||
Property Highlights
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About Cypress Gardens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017