Attention developers, builders, contractors, investors and buyers!
Good potential opportunity for expansion/redevelopment! There is a
large backyard with a half basketball court. This property formally
was 2 family property, currently use as an office unit. Unit
1 consisting of 2 levels of living area on 1st Floor & walk out
Basement, Unit 2 consisting of 2 levels of living area on 2nd & 3rd
floors. was renovated in 2001, including systems, roof, windows,
siding etc. Desirable location! Close to T Station (Green Line),
schools, restaurants, grocery stores, post office, library, banks,
supermarkets and more! Also, please refer MLS #73107765. Build for
your dream home starts from here. Buyer or Buyer agent due
diligence on all the information if planning to convert back to
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.
learn more about cap rate here .