503 ORKNEY RD
About This Property
Located in the highly walkable Belvedere neighborhood, this home offers easy access to urban conveniences such as restaurants, stores, Belvedere Square, and the historic Senator Theater, a classic Art Deco venue listed on the National Register of Historic Places.
The first floor welcomes you with a spacious open entrance hall leading to a comfortable living room. The 18' dining room features pocket doors and a cozy window seat, perfect for social gatherings. An office with direct access to a powder room provides a quiet work space, while the breakfast room, adorned with French doors, has a pass-thru to a fully renovated kitchen. The kitchen boasts granite countertops, generous cabinet space, and stainless steel appliances.
The second floor offers four generous bedrooms, each equipped with ceiling fans. A 23' enclosed original sleeping porch can be accessed from two of the bedrooms, providing a unique and versatile space. The full bath features a tiled floor, a tub/shower combo with tiled walls, and an attractive vanity.
The third floor houses a three-room Primary suite. The suite includes the Primary bedroom, a dressing room which includes the Primary bath (featuring a pocket door, a tub/shower combo, a vanity, and vinyl flooring), and a 13' walk-in closet with ample hanging space and shoe storage. A new Carrier Central AC unit serves the second and third floors.
The lower level consists of a spacious 33' x 21' unfinished basement, home to the laundry area, a Weil-McLain gas steam boiler, a gas water heater and a 100 amp electrical panel.
The exterior of the home has cedar shingles and vinyl siding, with roof surfaces made of slate, rubber, and asphalt shingles. A driveway in the front accommodates two cars. A 33' covered front porch invites relaxation. The large, private back yard is a serene oasis with a flagstone patio and mature plantings, including specimen trees.
503 Orkney Road is a rare find that blends historic charm with modern amenities, offering a beautiful home in a vibrant neighborhood.
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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.
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About Northern Baltimore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017