456 Commerce Street
About This Property
laundry room area, convenient for busy Mom's, Dad's, or property managers. Even a LIFT, to help transport groceries and luggage, from bottom floor! Keep cool in the summer with 4 HVAC units and 1 mini-split Unit! The entire house has a gas generator, so "no worries", if there is a local electric out-age! Plus, the hot water heater was just replaced 2 years ago! A fenced side yard boasts a relaxing sitting area, great for a "fire pit" center piece! The 3 Stall carport and small garage are great for storage, of cars & boats; an extra perk, for owner/fisherman! Even a private, entrance, which provides privacy and security! Hurricane shutters, for storm protection! All this and more, located 1 block from the public boat ramp, fishing pier and playground, overlooking the bay! All you need for a wonderful, relaxing retirement, with extra income potential!
The manager has listed the unit size as 4163 square feet.
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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 |
|---|---|---|---|
| Apr 16, 2024 | No longer available | - | |
| No longer available | |||
| Jan 18, 2024 | Price Decreased |
$799,500
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Dec 30, 2023 | Listed by eXp Realty, LLC | $819,000 | |
| Listed by eXp Realty, LLC | |||
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This newly remodeled beautiful historical home was built to last. The gorgeous master bathroom is absolutely breath taking with its unique custom design. The living room area has plenty of space for the whole family and entertaining. No need to carry groceries up the stairs as this home also comes with an elevator making bringing in groceries a breeze. Want to cater to snowbirds? This home comes complete with two guest suites each with their own entrance, sitting area, large bedroom, and bathroom. This property was built to last but won’t last long on the market so why not own a piece of Texas history and make the W.C Williams Building your new home.
The business name AW MAÑANA SHOWER Y SIESTA INN will convey with the property.
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| Feb 3, 2022 | No longer available | - | |
| No longer available | |||
| Oct 3, 2021 | Price Decreased |
$420,000
↓ $20K
(4.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017