440 W Monroe Street
About This Property
Key Features: Completely Updated: From top to bottom, this home has been renovated to ensure comfort and functionality. Good Roof: Recently inspected and in excellent condition, providing peace of mind. Updated Windows, New Large Kitchen: Features a stainless steel appliance package, perfect for culinary enthusiasts and entertaining guests. New Bathroom Amenities: Enjoy modern fixtures and finishes for added comfort. New Exterior and Interior Paint: Freshly painted inside and out, giving the home a clean and welcoming look. New Flooring: Throughout the home, offering durability and style.
New Electrical and Plumbing: Upgraded for safety and convenience. New Furnace and Water Heater: Provides efficient heating and hot water solutions. First Floor Bedroom (Non-Conforming): Can be utilized as an office or guest room, offering flexibility. Two Good Size Upper Bedrooms: Comfortable and spacious, perfect for a growing family or guests. Enclosed Back Porch: Ideal for relaxing and enjoying outdoor views in any weather.
Extra Lot to the North: Includes potential driveway and garage possibilities.
Move-In Condition: Super cute and ready for immediate occupancy. Convenient Location: Near I94, and 127 highways, making commuting a breeze. Don't miss out on this wonderful opportunity to own a home that combines modern updates with character.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | In contract | - | |
| In contract | |||
| Jul 2, 2024 | Listed by ERA REARDON REALTY, L.L.C. | $130,000 | |
| Listed by ERA REARDON REALTY, L.L.C. | |||
| Feb 14, 2024 | Sold | ||
| Sold | |||
| Jan 18, 2024 | Listed by HOWARD HANNA REAL ESTATE SERVI | $50,000 | |
| Listed by HOWARD HANNA REAL ESTATE SERVI | |||
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Investors looking for a winter project with a great potential on return. This could be the one! Transform this 3BR/1BA Bungalow with additional back lot w/frontage on Dewey into a smart investment. Seller owns home next door (438 W Monroe St - MLS#24003848), it is currently listed as well. Own both and add to your real estate portfolio. Home inspections welcome for informational purposes but property is being sold ''as is''. Great location for those commuting to Lansing or Ann Arbor.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017