5 Atlantic Avenue
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 |
|---|---|---|---|
| Jun 5, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | In contract | - | |
| In contract | |||
| Apr 11, 2024 | Listed by McGuirk Properties, LLC | $920,000 | |
| Listed by McGuirk Properties, LLC | |||
| Mar 22, 2024 | No longer available | - | |
| No longer available | |||
| Mar 7, 2024 | Listed by McGuirk Properties, LLC | $950,000 | |
| Listed by McGuirk Properties, LLC | |||
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The beach awaits your arrival! Located just a few steps from the sand in the highly sought after island section of Hampton Beach, it’s the perfect location for the whole family to enjoy the bright blue skies and fresh salty air. The house is not in the FEMA flood zone, and was not affected by the recent flooding. The large, full-size lot is situated on the dead-end road of Atlantic Avenue and has a long driveway with off-street parking spaces for 5+ vehicles, plus a freestanding storage shed. Just a short walking distance to all of the activities that Hampton Beach has to offer including the boardwalk, restaurants, bars, casinos, venues, shops, and fishing piers, you can’t beat this location! The large back deck is a great place to enjoy a refreshing beverage and host an epic BBQ, or hang out under the covered front porch overlooking the quiet street. This charming coastal cottage has many updates including a new roof in 2022, new flooring, fresh paint, new granite countertops, a stylish modernized tile shower in the master bathroom, and an outdoor shower to rinse off after a day in the sand. This house was more recently used as a rental, generating $80K+ in annual revenue. Purchaser shall honor the bookings in place through September 2024. Being sold fully furnished. Come home to your new beach house! Seller has an inactive New Hampshire Real Estate License. The manager has listed the unit size as 1216 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017