325 Alvarez Drive
About This Property
Step inside and be captivated by the warmth of this home, w/ 2 exquisite stone fireplaces featuring heartwarming designs in both the family room and the upstairs primary suite. The recently renovated kitchen is the heart of this home with a Built-In Island making it the perfect backdrop for culinary adventures & lively conversations, truly making it the hub of the home!
The kitchen & 2 of the 3 baths have been thoughtfully updated w/ designer finishes, including elegant granite countertops & tasteful tile work.
The generously sized bedrooms provide ample space for relaxation w/ the 2 upstairs bedrooms, each offering private balconies, perfect for savoring El Paso's beautiful sunsets or morning coffee w/ a view. This home is a sanctuary of Santa Fe-inspired charm, offering a harmonious blend of custom craftsmanship and modern amenities. Don't miss the opportunity to make this exquisite El Paso residence your own. Schedule a viewing today and experience the unique beauty of this Southwest gem."
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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 |
|---|---|---|---|
| Nov 28, 2023 | Sold | ||
| Sold | |||
| Oct 7, 2023 | Listed by JPAR | $277,000 | |
| Listed by JPAR | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017