500 Glencoe St
About This Property
Inside, rich hardwood floors run throughout the main level, where coffered ceilings connect the kitchen and dining room under a crystal chandelier. The living room anchors the home with a limestone fireplace surround, crown molding, and French doors opening to a private den. The kitchen is the room buyers remember: white cabinetry to the ceiling, a dark granite island with a gas cooktop, a pass-through window to the dining room, and a wine cooler built into the appliance suite.
The expansive primary suite on the upper level features wide-plank hardwood floors, recessed lighting, direct laundry access, a generous walk-in closet, and a dedicated mini-split for year-round comfort. The high-end and efficient mechanical systems feature Carrier mini-split cooling, Infinity 96 furnace, Buderus hydronic boiler, baseboard heat, and indirect water heating. The primary bath includes a skylight, double granite vanities, and cream cabinetry. Two additional upper bedrooms share a full bath. The finished basement adds a fourth bedroom, a bonus room, a three-quarter bath, and a second laundry room giving the home real flexibility for guests or a home office setup. Detached two-car garage. Fully fenced. Zoned for Carson, Hill, and George Washington.
This home is ideally situated near the Denver Tennis Club, which offers perimeter neighbors "fast-track" admission despite the 3-year waitlist & a kids camp for members and non-members alike. Walk from this location to 3 of Denver's best parks or take a short bike ride to nearby Cherry Creek or 9th+CO for some of the City's best shopping and restaurants
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017