2805 NW 4TH AVENUE
About This Property
(Current interior condition is reflected in the bank appraisal, which is available upon request.)
This 5-bedroom, 2-bathroom home presents an incredible opportunity for buyers looking to invest in a property with great potential. Featuring a spacious, open-concept layout, the home includes a bright living area that flows seamlessly into the dining space and kitchen. The kitchen was previously updated with granite countertops, stainless steel appliances, shaker-style cabinetry, and a subway tile backsplash, but it has since deteriorated and will require some updates.
The split floor plan ensures privacy for the primary bedroom, which includes a walk-in closet and ensuite bathroom. Vinyl plank flooring runs throughout the home, offering a carpet-free environment.
This home requires repairs and maintenance, including general cleaning, pest treatment, and minor structural fixes such as reattaching siding and addressing rotted trim. Cost-to-cure repairs are estimated at approximately $5,000, including necessary sanitization and cosmetic touch-ups. A detailed list of needed improvements is available upon request.
Located just minutes from shopping, dining, and entertainment, this home is a great value for buyers willing to put in some work. Being sold as-is, subject to lender approval. Don't miss out on this affordable opportunity-contact us today for more details!
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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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| Apr 15, 2025 | Relisted | $202,000 | |
| Relisted | |||
| Mar 29, 2025 | In contract | - | |
| In contract | |||
| Feb 1, 2025 | Relisted | $225,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017