45
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405 CARROLL AVENUE
About This Property
The lower level boasts a finished recreation room with built-ins and a bar area, a laundry room with ample storage, and an "old school" half bath, with walkout access to the backyard. The expansive .27-acre lot includes a workshop/shed with a concrete floor and electricity, a paver patio perfect for entertaining, and a fully fenced rear yard.
Additional features include off-street parking with a one-car garage and driveway, a roof approximately 10 years old, a furnace about 2 years old, and split AC systems around 1 year old. Enjoy a short walk to Main Street in downtown Mt. Airy for restaurants, shopping, and Jessica's snow cones!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Listed by RE/MAX Realty Centre, Inc. | $395,000 | |
| Listed by RE/MAX Realty Centre, Inc. | |||
| | |||
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This charming home offers a welcoming front porch and an amazing backyard, all within easy reach of downtown Mt. Airy. Highlights include off-street parking, refinished hardwood floors, and a renovated full bath. The main level features a living room, a versatile dining room or office area, two bedrooms, full bath and a spacious, updated eat-in kitchen with abundant cabinet and counter space, plus a mudroom with access to the rear yard. Freshly painted, hardwood floors and LVT flooring.
The lower level boasts a finished recreation room with built-ins and a bar area, a laundry room with ample storage, and an “old school” half bath, with walkout access to the backyard. The expansive .27-acre lot includes a workshop/shed with a concrete floor and electricity, a paver patio perfect for entertaining, and a fully fenced rear yard.
Additional features include off-street parking with a one-car garage and driveway, a roof approximately 10 years old, a furnace about 2 years old, and split AC systems around 1 year old. Enjoy a short walk to Main Street in downtown Mt. Airy for restaurants, shopping, and Jessica’s snow cones!
| |||
| Dec 17, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017