3049 Highway 98
About This Property
Welcome to this incredible opportunity for savvy investors looking to turn a diamond in the rough into a profitable gem! Situated right on Highway 98, this 3976 sq. ft. property offers immense potential for those who love renovation projects and seek to maximize returns from rental homes.
Spacious layout, Main House is three bedrooms two baths with sunroom and workout/office room. Above garage apartment with two bedrooms and one bath, along with a separate studio apartment behind the main house.
An electrical rewire, plumbing update and renovation of the main home was completed in 2014, ensuring a solid foundation for your renovation vision. Gas Lines were installed in 2023, gas lines were run to the home, providing additional options for heating and appliances.
The main home bathrooms have been primed and prepped as a blank canvas for your personal touch and remodel, allowing you to customize the space to your liking.
This property presents an excellent opportunity to add value through strategic renovations and capitalize on the rental income potential. Whether you're an experienced investor or someone looking to generate revenue in the real estate market, this project offers a chance to create a lucrative investment in a prime location.
Buyer or buyer's agent should verify all pertinent information.
Don't miss out on this chance to bring your vision to life. Schedule a viewing today before this opportunity is gone!
Contact us now to schedule your personal tour!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | Listed by The Premier Property Group | $515,000 | |
| Listed by The Premier Property Group | |||
| May 9, 2023 | No longer available | - | |
| No longer available | |||
| Mar 26, 2023 | Listed by EXP REALTY LLC | $489,500 | |
| Listed by EXP REALTY LLC | |||
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This home for sale is a traditional two-story property with a one-car garage and an additional cottage in the back. The property parcel is dual-zoned for commercial and residential use, which offers great flexibility in how the property can be utilized. The property comes with 1.5 acres of land and is being sold ''as is.''The first floor features three bedrooms and two full baths.The kitchen is a chef's dream, with a breakfast bar, granite countertops, and track lighting that adds an elegant touch to the space. And with ample storage throughout the home, you'll have plenty of space to store all of your belongings.One of the highlights of this home is the beautiful tile that runs throughout the space, giving it a sleek and modern feel. The manager has listed the unit size as 4400 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017