4494 N E Street
About This Property
The house is divided into two distinct sections. The front portion features two bedrooms and one bath, boasting laminate flooring for easy maintenance. In 2021, a new kitchen was thoughtfully installed, complete with stainless steel appliances, adding a modern touch to this charming abode. You'll appreciate the newer Low Energy Saver windows that enhance energy efficiency and comfort.
The back portion of the main house surprises with a spacious bedroom, a generously sized closet, and a large bathroom, all with a separate entrance. This area offers great flexibility as it can function as a small Accessory Dwelling Unit (ADU) for rental income, or you have the option to remove the drywall separating the front and back portions to create a full 3 bedroom, 2 bath house according to your needs.
Situated on an 8,400 square foot lot, this property offers a significantly sized backyard with ample space for a pool, ADU construction, or any outdoor project you desire.
The property includes an oversized 2-car detached garage that is currently in transition to become an ADU. The new owner can choose to complete the final touches and use it as an income-generating investment or convert it back into a garage. Additionally, there is a large carport attached to the garage, providing a perfect space for parking an RV or utilizing it as a small workshop area with the potential to install a lift for car enthusiasts.
This versatile home offers endless possibilities and is a fantastic opportunity for those looking to customize their living space and investment potential. Don't miss the chance to make this property your own! Schedule a viewing today to explore the potential of this charming Riverside residence.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Dec 6, 2023 | Sold | ||
| Sold | |||
| Oct 31, 2023 | Listed by Landmark One Real Estate | $474,500 | |
| Listed by Landmark One Real Estate | |||
| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
| Oct 5, 2021 | Sold | ||
| Sold | |||
| Aug 29, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017