4997 SE 145TH PLACE
About This Property
Step inside and you'll immediately notice the spacious floor plan. The oversized living room features a dramatic floor-to-ceiling stone fireplace and opens to a large dining area and kitchen, creating an expansive main living space that's increasingly hard to find at this price point. The kitchen offers abundant cabinetry, generous counter space, and a breakfast bar, while an enclosed porch provides additional flexible living space. The third bathroom has been converted to storage, but water connections remain in case the new owner would like to add it back.
Several of the big-ticket items have already been addressed, including a newer metal roof and HVAC system (replaced in 2023), along with updated subflooring and finish flooring in several areas. A whole-home water filtration system (added in 2020) serves the private well. Outside, the .35-acre property offers plenty of breathing room, with a detached storage/workshop building, covered outdoor area, mature trees, and a partially fenced yard. And there's NO HOA!
This home presents an appealing opportunity for a buyer who values space and affordability and doesn't mind taking on some cosmetic projects along the way. It's not a freshly remodeled, cookie-cutter house, but that's part of the opportunity: make the improvements you want, on your schedule, and put your own stamp on the property. It could also be an interesting option for an investor looking for a property with additional upside potential.
Conveniently located in Summerfield with easy access to US-441/27, CR-42, and The Villages. Priced with its remaining updates in mind and being sold AS-IS. If you've been searching for an affordable home with space, land, and potential, come take a look!
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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%.
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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