2544 Lamar St
About This Property
opportunity to own one home with three separate living units. Whether you're looking to offset your mortgage, create
additional rental income, accommodate extended family, or explore a flexible investment strategy, this property offers
exceptional potential. The home is thoughtfully divided into multiple units, while the garage includes a built-in ADU,
creating even more versatility and income-producing possibilities. Live in one unit and rent the others, allowing other
occupants to help pay the mortgage. This is an ideal setup for a savvy buyer seeking affordability, flexibility, and long-term
value. Located in desirable Edgewater, close to shopping, dining, parks, Sloan's Lake, and convenient access to Denver,
this property combines location with opportunity. One property. Three units. Endless possibilities. Don't miss your chance
to turn homeownership into a smart investment at 2544 Lamar St.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017