500 LECONEY AVE
About This Property
Upstairs, discover four generously sized bedrooms, including one currently utilized as a walk-in closet. The third floor large attic presents endless possibilities-transform it into a craft room, game room, or your favorite hangout space. The ¾ finished basement provides an excellent space for entertaining, hobbies, and additional storage. This home ensures you will never be short on space. The enchanting backyard is meticulously maintained, featuring a charming white picket fence and ready for the outdoor space of your dreams. Relax and unwind on the inviting front porch, perfect for enjoying quiet evenings.
Recent upgrades include a new roof (2022), new electrical box (2022), main line water valve replaced, new water heater, a water softener installed and new HVAC motor for the upstairs unit ensuring low maintenance living. Full list of upgrades in additional documents. Situated close to schools, shopping, the River Line light rail, and major highways, 500 Leconey ensures an easy commute to Philadelphia and beyond.
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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 |
|---|---|---|---|
| Jan 9, 2025 | Sold | ||
| Sold | |||
| Nov 8, 2024 | In contract | - | |
| In contract | |||
| Oct 26, 2024 | Listed by SERHANT. New Jersey LLC | $320,000 | |
| Listed by SERHANT. New Jersey LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017