314 3RD Street
About This Property
One of a kind opportunity to have 2 separate homes on 1 lot in Atlantic Beach! One of the few remaining original Atlantic Beach Cottages w/everything updated yet all of the original charm. Also, a fantastic new, low-maintenance Guest House built in 2019. This deep lot still has a spacious, private outdoor space w/mature plantings & room for entertaining & a future outdoor kitchen. Choice location is a short 2.5 blocks until you are making footprints in the sand. A short 5-minute walk gets you to great restaurants & shopping in Beaches Town Center. Close enough to all the action w/out being in the middle of it! 2nd home has a complete apartment downstairs, 2nd floor has a private bedroom, bath & living room room
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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 |
|---|---|---|---|
| Oct 11, 2022 | Sold | ||
| Sold | |||
| Oct 6, 2022 | Listed by ENGEL & VOLKERS FIRST COAST | $1,599,000 | |
| Listed by ENGEL & VOLKERS FIRST COAST | |||
| | |||
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One of a kind opportunity to have 2 separate homes on 1 lot in Atlantic Beach!
| |||
| Aug 30, 2022 | No longer available | - | |
| No longer available | |||
| Aug 18, 2022 | Price Decreased |
$1,599,000
↓ $50K
(3%) | |
| Price Decreased | |||
| Aug 13, 2022 | Price Decreased |
$1,649,000
↓ $50K
(2.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017