4617 SE 1ST AVENUE
About This Property
You'll love the convenience - close to schools, University of Florida, and major hospitals. The versatile layout offers amazing possibilities! Featuring 3 bedrooms, 2 baths, a den/office/flex room (which was the original living room), plus a spacious great room addition that could potentially be enclosed for a private in-law suite/guest suite or rental. This area already includes its own entrance, a walk-in closet that is next to the laundry room. (There's enough space to keep the laundry room separate and shared by both spaces). Freshly painted in parts and professionally cleaned, this home is move-in ready. The updated kitchen has newer cabinetry and granite countertops, while the hall bath features a modern vanity. You'll find tile floors in the kitchen and flex areas and laminate floors in the great room. From the dining room, go through French doors with side lights and blinds inserts and step out to the huge screened porch for peaceful afternoons, or enjoy the fenced backyard complete with a large storage shed - perfect for tools and hobbies. Great sized yard and plenty of extended concrete pads for parking and extra patios. So much potential, so much value! Call today before this gem is gone.
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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 Alachua
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017