3500 AILSA AVE
About This Property
Located within easy driving distance to the town center, Mount Pleasant Golf Course, Morgan State University, Herring Run Park, and a variety of shopping and dining options, this home offers the perfect blend of accessibility and comfort.
Upon returning from your local adventures, you'll be welcomed by the townhome's corner-lot appeal in a well-established neighborhood with tree-lined streets and sidewalks. The exterior features an inviting patio, a relaxing jetted hot tub, and a breezy front porch.
Step inside to discover a warm and inviting interior with hardwood floors throughout the living spaces and an open layout that promotes a sense of spaciousness. The kitchen is designed with ample room for food preparation and boasts an attractive island layout.
The serene primary bedroom is carpeted for comfort, and the walk-out basement serves as versatile guest quarters with a full bathroom, including a separate shower, and a well-appointed kitchen. This space could easily function as an excellent in-law suite.
Calling this place home is sure to be a delightful experience!
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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 |
|---|---|---|---|
| Jan 3, 2024 | Sold | ||
| Sold | |||
| Dec 3, 2023 | In contract | - | |
| In contract | |||
| Nov 8, 2023 | Price Decreased |
$284,000
↓ $3K
(1.1%) | |
| Price Decreased | |||
| Aug 30, 2023 | Price Decreased |
$287,000
↓ $7K
(2.4%) | |
| Price Decreased | |||
| Aug 2, 2023 | Price Decreased |
$294,000
↓ $6K
(2%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017