256 N Florance Street N
About This Property
Inside, the spacious living room features a large fireplace, creating a cozy atmosphere perfect for relaxing evenings. The kitchen is fully equipped, ready to handle all your cooking needs, while the bedrooms provide ample space for comfort and relaxation. There's a lot of room here for personal touches, allowing you to upgrade and transform the home into exactly what you've envisioned.
Location is everything, and this property is ideally situated for military families due to its proximity to the China Lake Navy Base. It's also convenient for everyone else, with major stores like Walmart, Home Depot, and Starbucks just a short drive away. Ridgecrest is a small town with big access, offering easy trips to outdoor destinations such as Bishop, Kern River Valley, and even Las Vegas for spontaneous weekend getaways.
While the house is move-in ready, a few updates could further increase its appeal and value, providing an excellent opportunity for either long-term residents or savvy investors looking for a good return. Whether you want to settle in right away or make strategic improvements, this home offers the flexibility to meet a variety of needs.
Don't miss out on this prime opportunity in one of Ridgecrest's most desirable areas. Whether you're seeking a family home or looking for a smart investment, this property is ready to deliver. Call or visit today for a tour, and start planning your future at 256 N Florence St!
This captivating listing stands out not just because of its features but because of its potential for growth and enjoyment. It's an ideal chance to invest in a home that offers not only comfort but also an active, fun-filled lifestyle right in Ridgecrest.
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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 |
|---|---|---|---|
| Jan 21, 2025 | Sold | ||
| Sold | |||
| Dec 9, 2024 | In contract | - | |
| In contract | |||
| Oct 26, 2024 | Price Decreased |
$239,000
↓ $20K
(7.7%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $259,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017