3808 Empire St
About This Property
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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 |
|---|---|---|---|
| Nov 20, 2024 | Sold | ||
| Sold | |||
| Sep 17, 2024 | Listed by RE/MAX Alliance-Greeley | $299,000 | |
| Listed by RE/MAX Alliance-Greeley | |||
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Welcome to 3808 Empire Dr, where a beautiful stone pathway guides you to this charming 2-bedroom, 1-bathroom gem. Nestled on nearly 1/4 acre, this home effortlessly blends historic character with thoughtful modern upgrades. Inside, you'll find fresh paint throughout, new flooring, and a modern kitchen complete with granite countertops and stainless steel appliances.The property is surrounded by mature trees, offering natural beauty and privacy. In the backyard, enjoy a new stained deck that is perfect for outdoor entertaining. There's also plenty of space for RV or trailer parking, storage for ATVs and toys, or even room to build a garage or shop.Additional features include a bonus shed and an outbuilding, currently set up as a chicken coop, providing versatile storage or hobby spaces. Practical upgrades, like a new water heater and a $22,000 sewer line replacement ensure peace of mind, while added insulation in the walls boosts year-round comfort and efficiency.With convenient alley access, this spacious lot offers the exciting potential to add an ADU (Accessory Dwelling Unit) for extra living space or rental income. (Be sure to check with city for guidelines) The home also includes functional attic space, accessible via a pull-down ladder, ideal for storage or a playroom.Move-in ready and full of potential, this cozy home is waiting for you to make it your own. Don't miss this rare opportunity to own a piece of history with all the modern comforts!
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| Oct 11, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017