366 NE 3rd Street
About This Property
Mizner Park is a Social Gathering Place for Boca Residents and consists of Fabulous Restaurants, IPic Movie Theater, Museum of Art, Trendy Shops, Art Festivals and Concerts at the Amphitheater! Come experience URBAN LIVING near the OCEAN AND INTRACOASTAL WATERWAY! WALK, BIKE, GOLF CART TO EVERYTHING FROM THIS DESIRED LOCAION IN TRENDY DOWNTOWN BOCA RATON. Room for Boat or RV on West side of property, a Boat Launch is just 3 blocks away on the Intracoastal Waterway. Lake Wyman Park is close by also with Tennis Courts, Jogging Paths and Exercise Stations. Renovations this year will add 6 miles of Canoe Trails to the Park and all new Boardwalks.
Join the Boca Raton Resort & Club for Golf, Tennis, Fitness Center, Private Beach and many fine Restaurants as well if you like.
Present owner uses A/C Utility Room as combination Office/Laundry Room. Also, extra space in Living Area could be drywalled off to create an at home office!
Perfect home to add 2nd Floor and save THOUSANDS OF DOLLARS IN TAXES....
NO HOMEOWNERS ASSOCIATION!!! NO MONTHLY FEES OR RULES AND REGULATIONS!!! YEAH!!!
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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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About Kings Court
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017