2701 TURNER DR
About This Property
The timeless style of the brick colonial home that is centrally located on the property offers a seamless flow from the living to the kitchen and dining areas. The primary suite with walk in closet and spacious bathroom as well as the 3 additional bedrooms and full bath complete the second level. The lower level is unfinished and offers a high ceiling height that awaits your ideas.
A standout feature of this gem is the charming bank barn that was recently meticulously restored with the quality craftsmanship of an Amish barn specialist. The attention to detail while adding charm and utility is a true art and it is on display with this barn. There are currently 4 stalls in the lower level of the barn. The spacious hay loft could be for storage or stylish rustic entertaining.
Several fenced paddocks and run in shed suggest horses, cattle, sheep, goats, alpaca or llamas+. The property is studded with fruit trees as well as ornamental and mature hardwoods. Nature is literally at your doorstep. Birds and wildlife are yours to enjoy from your porch as well as by way of the many trails that meander throughout the property.
The absence of an HOA holds appeal for those seeking autonomy over their property. Ag transfer tax will apply if buyer does not continue agricultural use. Property has no subdivision potential. AS IS sale. Price reflects the need for cosmetic improvements in the house.
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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