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39 Elm Street
About This Property
This spacious and well-maintained attached duplex, built in 1994, offers comfortable living across three levels with plenty of room for everyday living, entertaining, and storage. Featuring 3 bedrooms, 2 full bathrooms, finished basement space, central air and heat, solar panels, and an EV charger, this home offers a great combination of convenience and modern amenities.
The first floor features a welcoming living room with beautiful hardwood flooring, an eat-in kitchen with polished cabinetry and backsplash, and a patio door providing easy access to the backyard. A full bathroom with a stand-up shower adds convenience. The spacious family room, created from the extended garage area, provides additional flexible living space. A side entrance includes a convenient coat and shoe closet, while the main front entrance welcomes you into the home.
Upstairs, you'll find three carpeted bedrooms, each offering closets with mirrors. The second-floor full bathroom features a bathtub. Ceiling fans and cordless window coverings add comfort and convenience throughout the bedrooms.
The finished basement offers a large carpeted room plus a separate walk-in closet/storage room that is also carpeted. The basement houses the laundry area, gas heating system, and water heater.
Step outside to enjoy a 20' x 20' patio, fully white-vinyl-fenced backyard, storage shed, and green lawn. The property offers parking for up to three cars. Additional features include gas utilities, central A/C and heat, sewer, solar panels, EV charging, underground electric and cable, and a newer roof approximately 3 years old.
Conveniently located near major highways and everyday shopping, with I-495 and Southern State Parkway approximately 2 miles away, Sunrise Highway approximately 3 miles away, Home Depot and Target approximately ½ mile away, and Long Island MacArthur Airport nearby. LIRR station is less than 1 mile away. Enjoy the convenience of being close to shopping, transportation, dining, and local amenities while being situated in a pleasant residential neighborhood.
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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.
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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 Central Islip
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017