376 W 5th Street
About This Property
Spread across two levels, the home offers three bedrooms upstairs and two additional bedrooms on the lower level, giving you ample space for everyone.
Step out onto the rear deck and find your own slice of paradise with an in-ground pool, perfect for lazy summer days. The back deck also has an electric awning, offering a shaded sanctuary to relax, rain or shine.
The detached garage offers a versatile space featuring a half bath, ideal for storage or could be transformed into a workshop or pool house. A park is conveniently situated just around the corner, offering additional outdoor opportunities.
Leaving the island is a breeze, as the Causeway entrance is just around the corner.
This is not just a home but a lifestyle. Don't miss your chance to experience coastal living at its finest!
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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 |
|---|---|---|---|
| Jul 5, 2024 | Sold | ||
| Sold | |||
| Jun 21, 2024 | In contract | - | |
| In contract | |||
| Feb 28, 2024 | Price Decreased |
$1,399,000
↓ $76K
(5.2%) | |
| Price Decreased | |||
| Jan 11, 2024 | Listed by Howard Hanna Rand Realty | $1,475,000 | |
| Listed by Howard Hanna Rand Realty | |||
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From Sunrise to Sunset, immerse yourself in Long Beach Islands coastal living at this newly renovated 5-bedroom 2-bathroom cape just a stones throw from Barnegat Bay. Located on the "best block" of the north end of Ship Bottom, boasting the perfect location to enjoy breathtaking sunsets and water activities, this lovely home situated on a massive 60 x 100 lot is sure to provide an unparalleled living experience. Spaciousness abounds across two levels, with three generously sized bedrooms upstairs and two additional bedrooms on the lower level, providing more than enough room for everyone. Your own backyard oasis awaits once you step out onto the rear deck complete with heated in-ground pool and brand new liner; The detached garage offers ample storage and endless possibilities. Take a stroll or drive up Fifth street right onto the beach or just as easily exit/access the island via the causeway right around the corner. Make the dream of beach living your reality and schedule a showing today!
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| Nov 17, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017