3427 Colfax A Pl
About This Property
New powder room & mud room on the first floor, as well as the study upstairs.
The updates have been carefully incorporated so as not to lose any of the property's charm. An updated kitchen blends nicely with the incredible woodwork and built-ins that are seen throughout the home. The new lighting in the Living Room and Dining Rooms add a touch of warmth and class to the classic feel of the rooms. High ceilings, original wood floors, large bay windows with leaded glass panes, original wood fireplace/mantel, pocket doors off of the dining room, a huge south facing covered front porch, and something everyone needs, spacious storage. The not so sexy items have also been addressed such as a new sewer line in 2011. A new furnace and central A/C were installed in 2015. Professionally landscaped in front with new sprinkler system, with a 1 car garage with 2 reserved parking passes for off-street parking. This prime location offers many amenities within walking distance, such as restaurants, bars, music venues, the Tattered Cover Bookstore, Sprouts, City Park, and the Cherry Creek Shopping District. This is a wonderful home in an amazing location ->you won't be disappointed!
The Seller's favorite thing about the house was sitting on the front porch in the summer with neighbors doing the same. The neighbors are wonderful. It is also fabulous living so close to Sprouts, Good Bread, and Tula Rose.
Link to a New Your Times article featuring the home
https://www.nytimes.com/2021/11/24/realestate/home-prices-illinois-pennsylvania-colorado.html?referringSource=articleShare
The buyer backed out within 24 hours.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017