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43 NORTHPARK DRIVE
About This Property
If you're looking for something a little different from the typical Pennsbury home, 43 Northpark Drive is definitely worth a look!
This unique 4-bedroom, 2-full-bath home offers approximately 1,780 square feet on a large corner lot in the highly sought-after Pennsbury School District-with features that provide incredible flexibility for parking, storage, hobbies, work, and recreation.
What makes this property stand out: dual concrete driveways, double-gated access to the fully fenced backyard, new white vinyl privacy fence, oversized storage shed with plenty of room for a boat, camper, enclosed trailer, work vehicle or recreational equipment.
Versatile bonus room with its own exterior entrance-perfect for a home office, studio, gym, guest space, hobby room or additional living area
Inside, you'll find an open floor plan with a dramatic cathedral ceiling and floor-to-ceiling stone wood-burning fireplace. The updated kitchen features granite countertops, modern cabinetry, stainless steel appliances and plenty of workspace.
Both full bathrooms have been updated, including the primary bath with a double vanity.
Additional updates include replacement windows, updated roof and siding, updated plumbing, newer sewer line, 200-amp electrical service, central heating and air conditioning, LED recessed lighting and updated flooring.
And outside, the combination of two driveways, double-gated access and a large fenced yard offers a level of functionality that can be hard to find in Lower Bucks County.
Conveniently located near Pennsbury schools, shopping, restaurants, parks and major commuter routes.
*Some photographs have been digitally enhanced for presentation purposes.
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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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About North Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017