3526 NIMITZ RD
About This Property
The main level boasts an open plan living room and updated eat-in kitchen with dry bar, 42" cabs, quartz counter tops & Cafe stainless steel appliances. The separate dining space overlooks the peaceful covered porch with Ipe tongue and groove flooring & stain resistant PVC railings. Two bedrooms and a full bath complete the main level.
The upper level includes a bright and airy primary bedroom with custom built and designed California Closet, cozy window seat with storage space, a linen closet, and an additional storage closet. New lighting, fan and Mini Split system were installed in 2022/2023. The upper-level bath was recently renovated in 2023. The second upper-level bedroom has a new Mini Split system (2023), new lighting, and plenty of space with a closet. An office space in the upper-level hallway is the perfect spot to work or would be a great reading nook!
The walk-up lower level provides a finished family (Bonus) room – which works great as a playroom, den or movie room. The unfinished side of the lower level provides a laundry area with a tremendous amount of storage, spanning the length of the home.
From the kitchen or lower level, walk out to the fully fenced private backyard with patio seating area, extensive landscaping & new tool/storage shed (2023). Cross through the gate to the driveway parking with a recently installed electric car charger (2023).
Providing close access to Metro and MARC trains, Antique Row, Kensington Farmers Market, plus plenty of shops, restaurants, parks this is not one to miss!
New Roof – 2023.
New Heavy Up Panel & Driveway Electric Car Charger – 2023.
Kitchen Appliances and Updates – 2021.
New Mini Split System for Upper-Level Bedrooms – 2023.
New Washing Machine – 2022.
New Upper-Level Bathroom Renovation – 2023.
New Tool/Storage Shed – 2023.
Home Painted Throughout – 2020/2021.
Updated lighting and finishes throughout – 2021-2024.
**Agent is Owner**
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017