2717 HANOVER PIKE
About This Property
Welcome to this beautifully renovated all brick cape cod residence, nestled in the heart of the idyllic Manchester landscape. Spread across an expansive .82-acres, this home seamlessly blends space, convenience, and top-tier upgrades, carefully selected to fulfill your every need.
Step into the main level, where you will find a gorgeous kitchen that boasts upgraded cabinets (2023), stainless steel appliances (2023), and luxurious granite countertops (2023) that effortlessly marry form and function. This level also features two serene bedrooms, a thoughtfully updated bathroom, a dedicated dining area, a cozy living space with a wood-burning fireplace, and an inviting enclosed front porch that nods to relaxation.
The upper level has two bedrooms, with an abundance of natural light that gives a tranquil ambiance.
Descend to the fully finished lower level and find a grand bedroom with a walk-in closet accompanied by a substantially sized updated full bathroom. The lower level also has a sprawling family/rec room, infused with the warmth of a wood-burning stove, laundry area with storage and access to the rear yard.
Outside, is a homeowner's dream. The level rear yard backs to trees and creates a perfect retreat. The substantial 2-car garage is more than just a space for vehicles; it's a haven for the hobbyist, complete with a mechanic's workshop and utility storage. There is also a chicken coop/barn that gives you access to all of your creative possibilities.
Notable enhancements throughout the home include a newer architectural roof (2017), brand new HVAC system (2023), a newer water heater (2022), newer windows (2016/2023), Newer well pump (2017) and a captivating palette of new lighting fixtures (2023), flooring (2023), and paint (2023) that breathe new life into every corner. Situated in proximity to dining, shopping, schools, and all the offerings of picturesque Manchester.
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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