428 S Bateman
About This Property
Cozy 2 bedroom, 2 bath with a brand new roof. Also has 2 large Metal buildings with an additional 3,055 square feet. Previously used as a mechanic shop, equipped with central air and air compressor!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 23, 2022 | Sold | ||
| Sold | |||
| Feb 14, 2022 | Listed by HoM Realty | $217,000 | |
| Listed by HoM Realty | |||
| Oct 25, 2019 | No longer available | - | |
| No longer available | |||
| Jun 8, 2019 | Listed | $135,000 | |
| Listed | |||
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Home & 2 large metal buildings. The home has 2 BRs, 1 bath & approx. 916 sq.ft. living area with attached carport. The home floor plan arrangement may work best as a one bedroom. However, there is a room that can serve as a 2nd bedroom. There are two large metal buildings. Per the FCAD records one building has 1620 square feet and the other building has 1435 sq. feet. The larger building has two offices spaces, kitchen, and bathroom, and shop warehouse. Both shops warehouses have over head doors. Property has chain link fencing and security gate. Per the tax records the house was built in 1940 and one of the metal shops was built in 1976 and the other one in 2011.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017