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Map
3517 NE 31st Avenue
About This Property
" Prime Location: Nestled in one of Lighthouse Point's most coveted neighborhoods and on the most desirable street. The property benefits from a highly sought-after locale with convenient access to good schools, parks, shopping, and dining.
" Customization Potential: The spacious layout and classic design elements offer a unique chance to reimagine the space, blending modern comforts with timeless charm.
" Investment Appeal: With its desirable setting and the promise of a revitalized property, this home is an exceptional investment for those looking to add value through renovation.
This property is an ideal opportunity for someone who sees beyond the current state and is ready to infuse new life into this once-loved home situated in a thriving, sought-after community.
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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 |
|---|---|---|---|
| Apr 25, 2025 | Sold | ||
| Sold | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Feb 21, 2025 | Listed by Douglas Elliman | $995,000 | |
| Listed by Douglas Elliman | |||
| | |||
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This home in the Lake Placid subdivision of Lighthouse Point presents a unique opportunity for a discerning investor or homeowner with vision. Set in a highly sought-after location, this property offers a great starting point with its open layout. Suitable for an investor to fix and flip or a homeowner who is willing to put a little love into the property to get their dream home in their ideal location.
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| Oct 1, 1988 | Sold | ||
| Sold | |||
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About Lighthouse Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017