4-B CONSTITUTION AVE
About This Property
Upstairs, the 2nd level features 2 bedrooms and a full bathroom plus an amazing primary suite. The primary en-suite bathroom was fully renovated in 2019 with no detail spared: Kohler fixtures including DTV Smart Technology shower control system with Real Rain head, 2 shower heads, hand wand, 4 body sprays; curbless entry shower; radiant heated custom tile floors; heated towel bar; dual sink vanity; mounted Frame TV (conveys); linen closet; and upgraded privacy window. Enjoy the massive walk-in closet with custom built-in shelving system. The 3rd level features a loft area, perfect for a home gym or bar and has access to the rooftop deck, with sun awning and stunning views of the neighborhood. Also on the 3rd level, you will find a large bedroom with a walk-in closet and full bathroom, perfect for guests; and separate office and laundry room. The lower level basement has a wonderful layout with large rec room, a bar area with fridge and live edge wood bartop, an additional office/den, and full bathroom, plus utility room with extra storage.
Too many upgrades to list (please see attached document) throughout including: Custom Plantation Shutters (living room and back door); Custom Roman Shades (kitchen and living room); Upgraded Lutron lighting throughout (Homeworks QSX; app controlled); 400 Amp Electrical panel to allow for EV charger; Ceiling speakers in kitchen, family room, master bath, studio apartment, roof deck; HVAC/Furnace updated in 2022 (both zones); Nest smoke detectors; and Approved drawings/plans for screened in porch (can convey). Off-street parking for 3 cars in your driveway! Right out your front door, the best of Annapolis awaits: launch your SUP at Amos Garrett Waterfront Park (3 blocks away); stroll to downtown Annapolis restaurants, coffee, and shopping; Maryland Hall featuring shows and exhibits; games and events at the Navy Stadium; and enjoy City Dock and the Naval Academy. Don't forget easy access to local favorite Annapolis events including the beloved St. Patrick's Day and Fourth of July Parades! Welcome Home!
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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 Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017