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2654 MOUNTAIN GATE WAY
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%.
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 |
|---|---|---|---|
| Jun 10, 2020 | No longer available | - | |
| No longer available | |||
| Jun 4, 2020 | Listed | $879,000 | |
| Listed | |||
| | |||
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This enchanting home nestled in a wonderful park-like setting in Montclair is a nature lover's dream! A large flatstone patio in the front garden; Enclosed backyard overlooking a secluded hill and natural surroundings with a slow running creek; Large open living room with closet overlooking a beautiful front garden, which could be converted for 3rd bedroom; Beautiful remodeled bathroom, hardwood floor, tile floor in dining & kitchen. Vaulted ceiling & fireplace in family room; 1 year old water heater; Upgrades including: skylight, front door, light in kitchen & Chandelier in dining, tile on back deck and enclosed the space under the deck for more storage; retaining wall in front yard; New motor for garage door; Newer roof w/ gutter screen; New faucet for kitchen sink. Spacious storage room could be a walk-in closet or another bathroom; Large detached 2 car garage w/ 200 AMP; Minutes to Montclair Village, Sunday Farmers market & schools. Easy access to highway 13 & highway 24. The manager has listed the unit size as 1600 square feet.
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| Aug 11, 2016 | Sold | ||
| Sold | |||
| Jun 8, 2016 | Listed by THE GRUBB COMPANY | $699,000 | |
| Listed by THE GRUBB COMPANY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017