425 Massachusetts AVENUE
About This Property
Step inside to be greeted by a warm and inviting living room adorned with a cozy fireplace. The centralized brand-new kitchen (2021) with all new plumbing and appliances boasts modern amenities and ample storage, ensuring both functionality and style seamlessly intertwine. Beyond the threshold lies a sprawling 0.18-acre lot enveloped by lush landscaping, offering a private sanctuary for tranquil living. Escape the urban bustle and indulge in the serenity of your own backyard retreat, complete with an inviting in-ground pool, outdoor kitchen pergola, and privacy fenced yard perfect for rejuvenating dips on sunny afternoons. A golf cart community, conveniently located just a few blocks from the picturesque St. Cloud Lakefront Park and Boat Marina, outdoor enthusiasts will revel in the abundance of recreational opportunities right at their doorstep, such as front row views of parades and July 4th & New Years festivities lakefront and downtown with fireworks. Historic downtown, with its charming boutiques, delectable dining options, and vibrant cultural scene, beckons residents to explore and immerse themselves in the rich tapestry of local life.
The renovations on this home are extensive and were made to honor the cottage appeal of this home instead of just cosmetic upgrades you find in many renovated flip homes on the market today. The exterior and interior of the home was freshly painted in 2021 as well as new fascia for exterior of home. In 2022 new windows, new light fixtures, and new LVP flooring were installed throughout the home. In 2023 the outdoor amenities were added to the property including new privacy fence, new paver driveway and sidewalks, 30amp outlet added for RV parking, and steel bolted pergola for an outdoor kitchen overlooking the pool. In 2023 the owner updated the primary bedroom that has french doors leading to the outdoor oasis by adding a walk in closet and updated plumbing to the nearby laundry room so a second bathroom could be added to the property. You can add a second bathroom with your own choice of style to this property easily! In 2024, the concrete slab 12x16 shed was rebuilt and is equipped with a 220V outlet and double doors on the alley for golf cart parking in shed.
Whether you seek a serene retreat from the hustle and bustle of city life or an opportunity to immerse yourself in a vibrant community, this home offers the perfect blend of comfort, convenience, and charm.
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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