2766 SE Garden Street
About This Property
Home & income possibility, great potential for the right buyer. Home is solid 3-2-2 CBS with workshop and private pool. Live & work in the one location with mixed use zoning. This home has city water and sewer. The pool is 24x12 and is epoxy coated with Kool deck. There is a huge 18x36 workshop next to the house then another 25x36 open air tent workshop. At the back of the section there is a a 12x12 shed. There is a 20x20 2-car garage, flooring and wall cabinets, plus plenty of off street parking in front of garage & workshops. You can park your boats in the workshops or run a home business. The home is located 1/2 mile from Sand Sprit Park where boat ramps are located. Washer & Dryer Do NOT convey.
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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.
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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.
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017