425 FLORENCE AVENUE
About This Property
425 Florence Ave blends timeless character with the kind of updates buyers actually want. From the moment you pull up, the curb appeal draws you in with its sunny exterior, mature landscaping, and inviting front porch that feels made for morning coffee and conversations with neighbors. Inside, the home balances charm and function beautifully with built-ins, bright living spaces, updated flooring, and a renovated kitchen with crisp cabinetry and modern finishes.
One of the standout features of this home is the lifestyle it offers. The spacious mudroom and upstairs laundry make everyday living easier, while the oversized deck overlooks a fully fenced backyard complete with a detached gazebo-style entertaining space, storage shed, and room to host, play, garden, or simply unwind.
Upstairs, you'll find three bedrooms including a spacious primary bedroom with a walk-in closet, plus light-filled spaces that feel warm, comfortable, and move-in ready. There's also a basement offering additional storage and flexibility.
And the location? Just minutes from Pitman's beloved downtown filled with local restaurants, coffee shops, breweries, seasonal events, and that small-town community feel people move here for.
Homes with this much personality, outdoor space, and walkability in Pitman don't come around often.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017