4968 Arrow Avenue #E
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 13, 2022 | No longer available | - | |
| No longer available | |||
| Jan 2, 2022 | In contract | - | |
| In contract | |||
| Dec 19, 2021 | Listed by COLDWELL BANKER TOWN & COUNTRY | $495,000 | |
| Listed by COLDWELL BANKER TOWN & COUNTRY | |||
| | |||
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Come check out this urban style, energy efficiency townhome located in the city of Montclair. This townhome is located steps away from the Montclair Metrolink train station and blocks away from the 10 freeway, making is perfect either for the long range commuter or the local driver. It is located walking distance from Montclair Plaza as well as a number of other local gyms and stores. The surrounding area is currently undergoing significant renovation and is constantly growing in terms of residential homes as well as commercial businesses.The townhome is perfect as a rental or an owner occupied unit. It has been rented since 2017 and has an extremely local vacancy rate with great market value rents. Current owner is using this property in a 1031 exchange but that will not affect the buyer. The unit will be delivered vacant. Come check out this unit soon as properties in the area have been moving quickly! Drive by only for now but can arrange for showings upon further request.Other features of the property are as follows:Central AirCommunity PoolAttached tandem 2 car garageEnergy Star AppliancesEnergy Start certified homeWalk in closets throughoutThird level spacious master bedroom suiteStainless steel Whirlpool appliances The manager has listed the unit size as 1436 square feet.
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| Jun 29, 2017 | Sold | ||
| Sold | |||
| Feb 15, 2017 | Listed by MERITAGE HOMES | $380,275 | |
| Listed by MERITAGE HOMES | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/30/2025
|
2 Bed
|
1 Bath
|
1434 ft²
|
$540,000
2 Bed
1 Bath
1434 ft²
|
$530,000
-1.85%
05/23/2025
|
CECILIA ALVAREZ
CENTURY 21 CITRUS REALTY INC
| |
|
12/19/2021
|
2 Bed
|
3 Bath
|
1436 ft²
|
$495,000
2 Bed
3 Bath
1436 ft²
|
-
-
|
NITANTH VANGALA
COLDWELL BANKER TOWN & COUNTRY
| |
|
02/04/2020
|
2 Bed
|
2 Bath
|
1434 ft²
|
$408,000
2 Bed
2 Bath
1434 ft²
|
$405,000
-0.74%
09/14/2020
|
DONGYAN ZHENG
A-Z REALTY & INVESTMENT CORP
| |
|
02/15/2017
|
2 Bed
|
2 Bath
|
1413 ft²
|
$380,275
2 Bed
2 Bath
1413 ft²
|
$375,872
-1.16%
06/29/2017
|
Barry Grant
Meritage Homes of California Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017