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40 Euclid Avenue
About This Property
Nestled in the highly sought-after ''Olde'' Elsmere neighborhood, this charming 4-bedroom, 1.5-bath home offers character, comfort, and space both inside and out. Step into the inviting living room featuring beautiful hardwood floors and a cozy fireplace--perfect for relaxing evenings at home.
A bright and airy sunroom with hardwood flooring and newer windows provides the ideal spot to unwind, enjoy your morning coffee, or nurture your plant collection year-round. The updated kitchen boasts newer countertops and offers both style and functionality.
The flexible floor plan includes a convenient first-floor bedroom with hardwood floors (this room has no closet) while upstairs you'll find three additional bedrooms and a full bath, all with classic hardwood charm.
Outside, the oversized fenced backyard is a true highlight--complete with cherry trees, offering a peaceful setting for entertaining, gardening, or simply enjoying the outdoors. A one-car detached garage adds extra convenience.
Additional updates include a furnace just 5 years old and a professionally installed basement system by Eagle Basement Systems (4 years ago), providing added peace of mind. Gas heat ensures efficient comfort throughout the seasons.
A rare opportunity to own a well-maintained home in a beloved neighborhood--don't miss it!
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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.
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About Albany
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017