501 ARNDT AVE
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 15, 2025 | Listed | $325,000 | |
| Listed | |||
| | |||
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Welcome to 501 Arndt Avenue, a charming 3-bedroom, 1-bathroom single-family home nestled in the heart of Riverside, NJ. The home has been recently remodeled, is currently tenant-occupied on a month-to-month lease, and is preparing to move out. Inspections are welcome, but the home is being SOLD AS IS.
This 1,222-square-foot residence seamlessly blends historic character with modern comforts.Spacious Living Areas: The home offers generous living spaces, perfect for both relaxation and entertaining. Three Comfortable Bedrooms: Each bedroom provides ample space and natural light, ensuring a cozy retreat for all family members.
Equipped with central air conditioning and forced air heating, the home ensures year-round comfort. Situated on a 4,791 sq ft lot in the Riverside Park subdivision, the property is just steps away from the scenic Rancocas Creek and a short drive to Route 130, offering easy access to local amenities and attractions.
Priced at $325,000, 501 Arndt Avenue presents a unique opportunity to own a piece of Riverside's history with all the conveniences of modern living. Don't miss the chance to make this delightful property your new home. Home qualifies for up to $15,000 in grants for first-time home buyers.
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| Nov 30, 2023 | Sold | ||
| Sold | |||
| Nov 18, 2023 | In contract | - | |
| In contract | |||
| Nov 7, 2023 | Listed by RE/MAX Properties - Newtown | $210,000 | |
| Listed by RE/MAX Properties - Newtown | |||
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017