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308 53RD STREET W
About This Property
Step inside and you're immediately welcomed by the stunning designer kitchen - truly the centerpiece of the home. Featuring abundant cabinetry, gorgeous marble countertops, a massive marble island, and reverse osmosis water filtration, this space was made for entertaining, gathering, and everyday living. The open flow into the main living area creates a warm and inviting atmosphere, complete with a charming wood-burning fireplace.
Major updates provide peace of mind, including updated electrical and plumbing, newer HVAC systems, and a durable metal roof. The split-bedroom floor plan offers privacy and functionality, while both bathrooms have been beautifully updated. The second bedroom features an entire wall of custom built-ins for exceptional storage, and the dedicated office offers flexibility to easily serve as a potential third bedroom, guest space, or nursery.
Step outside into your own private backyard retreat. The heated saltwater pool with a built-in sweep system makes maintenance a breeze, while the fully fenced yard with 8-foot privacy fencing and lush Areca palms creates a secluded tropical setting. The low-maintenance landscaping means more time enjoying and less time working, and the well-fed irrigation system helps keep utility costs low. Two storage sheds - including one oversized shed - provide ample room for tools, hobbies, and outdoor equipment.
Offered furnished for a truly move-in-ready opportunity, this home is perfectly located just minutes from Warner's Bayou Boat Ramp and within the highly desirable Palma Sola school district. Whether you're looking for space to entertain, store your toys, or simply enjoy laid-back coastal living, this property delivers it all.
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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%.
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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