301 Mechanic Street
About This Property
Affordable housing that just needs some updating and TLC
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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 |
|---|---|---|---|
| Feb 8, 2024 | Sold | ||
| Sold | |||
| Dec 1, 2023 | Listed by Buck Realty | $189,000 | |
| Listed by Buck Realty | |||
| | |||
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QUALIFIES FOR 100% FINANCING! Don't miss this completely renovated 1920's home in a nice quiet neighborhood! This cozy 3-bedroom home has an open floor plan allowing you to make room for family gatherings. Kitchen has been updated with granite countertops and stainless-steel appliances. All NEW things! Plumbing, Electrical, and AC. This will be perfect starter home for a new family or retired couple looking to downsize! Fenced yard perfect for outdoor relaxing.
Updated survey attached displaying new lot lines.
All information is deemed reliable but will need to be verified by buyer's agent.
| |||
| Apr 13, 2022 | Sold | ||
| Sold | |||
| Feb 25, 2022 | Listed by Webb Kirkpatrick Real Estate, Inc | $130,000 | |
| Listed by Webb Kirkpatrick Real Estate, Inc | |||
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About Cleburne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017