2881 S Grape Way
About This Property
Come see for yourself this stunning fully remodeled brand new UNIVERSITY HILLS home! Brand new everything! Walk up the LONG DRIVEWAY and into an open layout home with brand new flooring, paint, stainless steel appliances, cabinets, and so much more! With so much space to host guests in the living room, kitchen, and TWO DINING spaces, everyone can be a part of the action! The kitchen includes an EAT IN ISLAND with cabinets allowing for tons of seating room and storage. The two dining spaces are near beautiful windows allowing tons of NATURAL LIGHTING to light up the kitchen. The stunning details of the kitchen match the rest of the interior flow of the home, even in the fabulous and rare MUD ROOM area. The two bedrooms and two bathrooms are down the hall off of the living room. The spacious MASTER BATHROOM includes a double vanity, and the attention to detail in the design work is unmatched! The second bedroom is perfect for an office, a tenant, or children for a growing family! With an unbeatable location that has easy highway and light rail access, this home is perfect for a rental as well! The possibilities are endless! The AC, furnace, and water heater are also ALL NEW! The University Hills neighborhood is very desirable! With tons of food, entertainment, parks, and everything you need moments away. Do not miss this amazing opportunity!
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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 |
|---|---|---|---|
| Apr 10, 2023 | Sold | ||
| Sold | |||
| Jan 3, 2023 | Listed by Keller Williams Realty Downtown LLC | $589,900 | |
| Listed by Keller Williams Realty Downtown LLC | |||
| Aug 16, 2022 | Sold | ||
| Sold | |||
| May 19, 2022 | Listed by Keller Williams Realty Downtown LLC | $495,000 | |
| Listed by Keller Williams Realty Downtown LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017