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2841 EMPIRE PLACE
About This Property
The property offers a unique and flexible layout with an additional area that has been modified by the current owner. The space includes 2 additional bedrooms, a small living area, kitchen, and bathroom, creating possibilities for extended household living, a mother-in-law-style suite, or other flexible uses. Whether you need additional space for family or simply appreciate a layout with versatility, this home offers plenty of possibilities.
Situated on an established lot with a fenced backyard, this property provides an opportunity for a buyer to make it their own. The home retains much of its original character and offers a variety of spaces to fit different needs.
Located in the Woodmere Park area, the home is conveniently situated near neighborhood parks, shopping, dining, and everyday conveniences. Enjoy easy access to Historic Downtown Sanford, Lake Monroe, and the Sanford River Walk, where you'll find waterfront recreation, local restaurants, shops, and community events. The location also provides convenient access to the Sanford International Airport, SR 417, and I-4, making travel throughout Central Florida convenient.
With its flexible layout, additional living areas, and convenient Sanford location, this property offers a unique opportunity for a buyer looking for space and the ability to add their own vision. Buyers are encouraged to independently verify all information and measurements. Property is being sold as-is.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017