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2680 N Gray St
About This Property
Don't miss out on a home with a fantastic location and yard. This home offers any buyer the opportunity to live on a great block with easy access to Edgewater and Sloan's Lake. This charming 2-bedroom, 1-bath home sits on an extra-large, fully fenced lot with so much room to dream. The lot is larger than your typical lot with alley access to add parking, storage etc. Garden, entertain, create an amazing outdoor living space, add play areas or simply enjoy having a backyard that is increasingly hard to find this close to the city. The possibilities are yours.
Inside, the home is bright and welcoming with newly refinished hardwood floors, great natural light and charming built-in features. The large living room is perfect for entertaining or relaxing. You can add a dining space here or in the kitchen area (or have both!). The eat-in kitchen offers plenty of counterspace with newly refinished butcher block counters, built-in cabinetry & room to gather, with direct access to the covered back patio & expansive yard. The primary bedroom is large enough for a king-sized bed and ample closet space. There is an additional large bedroom plus a full bath. Off the kitchen there is a mudroom and attached one-car garage. The home was just painted inside and out. It is move in ready.
Walk or bike to Old Town Edgewater for coffee, dinner, drinks and neighborhood favorites, then head over to Sloan's Lake for a morning walk, sunset or weekend outside. Enjoy the energy and amenities of Edgewater and northwest Denver while coming home to an established residential neighborhood with your own oversized yard.
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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