5011 TUCKERMAN ST
About This Property
The main level has a living room with a huge picture window overlooking the front yard with the dogwood tree - soon to bloom. Shiny hardwood floors are on the main level. There are 3 proper bedrooms with closets here and a delightful bathroom with original colored tile from when the house was built in 1955.
The kitchen has been updated and has an ample amount of storage cabinets and hard countertop. The white appliances comprise a gas stove, refrigerator, and dishwasher.
There's a side entrance that goes to the driveway for easy unloading of groceries. Continuing to the basement, you'll enjoy the very expansive Recreation Room - great for holiday gatherings. Continue to the laundry/utility room with the washer/dryer. and a recent gas forced air furnace and water heater. A bonus room, too, will make a great office, guest bedroom, or hobby room. There's a sump pump in the rear of the basement.
The 2/3 car concrete driveway is a comfort to have. If you like big yards, you will love this fenced rear garden - it's hard to see the end of it, and it is flat, south-facing, and ideal for all types of garden projects. There's even a shed to store your garden tools in! The rear yard will be ideal for summer parties, and you have a convenient exit from the basement for bringing guests and food and a side entrance off the kitchen.
The lot size is 12,671 square feet or 0.29 of an acre.
The location is ideal, being very close to College Park Metro Station (1.1 miles to walk there). There is the Whole Foods Shopping Center a 1/2 mile away with a Post Office, Denizens Brew Pub, Hair cuttery, Nail Salon, Deli, and several other restaurants and fast food locations!
At the end of the block is the Riverdale Community Park with playing fields and courts, and it backs up to the Northeast Branch of the Anacostia River with miles of hiking/biking on tarmacked trails running north and south and connecting into Washington D.C. for commuting by bicycle.
It is very close to the main University of Maryland campus. There's easy access to Route 410, the Baltimore/Washington Parkway, 295, and the Beltway, as well as Route 50/New York Avenue. Washington, DC is a short commute away by Metrorail, bus, or car, and there is even a commuter train option with a Train Station in Riverdale Park that takes you to Baltimore in one direction and Union Station, Washington, D.C. in the other direction. The Riverdale Park town center of this incorporated City has several fine restaurants and stores.
This is an Estate Sale, but the condition is move-in ready. It's a great opportunity to move right in and improve as you go. Don't wait on this one!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017