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413 Union Avenue
About This Property
The home retains much of its original character and offers spacious rooms, abundant natural light, and a private yard with room for outdoor enjoyment. While the property is in need of some TLC and updating, it presents an excellent opportunity for homeowners, investors, or renovators to build equity and create a space tailored to their vision.
Conveniently located near schools, parks, shopping, dining, and transportation, this property combines location, value, and potential. Whether you're seeking a primary residence or an investment opportunity, this home is ready for its next chapter.
**Highlights:**
* 3 bedrooms, 2 bathrooms
* Approximately 1,980 sq ft of living space
* Classic architectural character
* Private outdoor space
* Convenient Mount Vernon location
* Needs cosmetic updates and repairs-ideal for renovation or value-add improvements
* Great opportunity to customize and increase value
*A property with strong potential for buyers who can see beyond the updates needed and envision the possibilities.
*Some photos were digitally enhanced to remove personal items.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017