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481 14th Avenue NW
About This Property
How & Why?? Other lots sold for $262k-$300k ...If you buy 481 14th Ave NW for $179k and add the $50k investment for mitigation credits, you will have invested only about $229k, while others are paying $300k+. You win because the senior seller lacks the time or energy to complete the six-month to year-long process required to win in the long run.
PS: There is an opportunity to purchase multiple lots on the same street 2.5, 2.27, 5 & even 15 acres joined together. Perfect for your family to live close by, invest together or for an active builder project. Possible seller financing.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017