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3701 Estes St
About This Property
Care has been taken to update this home while keeping its original charm - stunning historical stained & leaded glass, vintage wood features and arched windows/doors throughout. The home showcases a main floor master suite with large double vanity and walk-out porch. Just across the charming courtyard, a Carriage House welcomes guests with separate quarters having a 3/4 bathroom and a Murphy bed unit.
The spacious kitchen features white quartz countertops, abundant storage, a large center island, soft-close cabinets and all stainless-steel appliances. An inviting open floor plan offers rich, natural lighting throughout, and flows easily between interior and exterior entertaining spaces.
The extensive outdoor area gives way to multi-level entertaining, surrounded by lavish gardens, lighted paths, porches, patios, a beautiful lawn bordered by boulder retaining wall & lush forest for privacy. This corner lot has ample off-street parking with a large main driveway plus a semi-circular front drive enables parking for you & your guests.
The home's historical charm extends out to the entry gate which was preserved from the Old Federal Building and Embassy - a unique part of Denver history.
Other features include 9' ceilings, solid oak hardwood floors, newer A/C unit, furnace, roof, landscaping w/ sprinkler system, recently painted interior, new carpeting and newly poured concrete driveway & walkways. Plenty of storage with garage + bonus storage area, shed and 600SqFt walk down cellar. Don't miss this opportunity, located close to city amenities, walking distance to Crown Hill open space and trails, just 2 blocks to the extensive Lutheran redevelopment & easy mountain access. There's so much more to explore, come see for yourself! Seller is licensed real estate agent.
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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