2564 Illinois Avenue
About This Property
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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%.
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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 |
|---|---|---|---|
| Mar 12, 2019 | Sold | ||
| Sold | |||
| Feb 1, 2019 | Listed by Nationwide Real Estate Execs | $427,000 | |
| Listed by Nationwide Real Estate Execs | |||
| Nov 3, 2018 | No longer available | - | |
| No longer available | |||
| May 7, 2018 | Listed | $425,000 | |
| Listed | |||
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Amazing, unique, and RARE opportunity to own a well designed, maintained, and one-of-a kind property at this price in an R3 zoned location of South Gate. Large lot can be used to build additional duplex and triplex units in the back. Perfect for FHA buyers and investors looking for true pride of ownership! This home features 2 large and spacious bedrooms with ceiling fans including a Master Bedroom with large 2-door closet. A spacious bath with upgraded fixtures, cabinets, and lighting fixture, shower has new stone facade. Large living room with genuine wooden floors, ceiling fans, and a formal dining room. Home has AC wall system. Upgraded kitchen counters with matching accents, an electric dishwasher, garbage disposal, and updated lighting. Well designed separate laundry room with washing machine and dryer hookups. Beautiful landscaping with sprinkler system. Rear yard is perfect for parties and gatherings. Long driveway can store up to 5 cars. Detached garage. Property has been carefully up kept and in a quiet community, you wont be disappointed!!! The manager has listed the unit size as 1004 square feet.
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About South Gate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017