507 SAND AVENUE
About This Property
Tucked beneath the shade of beautiful mature trees, this solid concrete block home built in the 1950s offers vintage charm, abundant space, and endless potential. Featuring 4 generously sized bedrooms, 2 full bathrooms, and a detached oversized 1-car garage with workshop, this is an ideal opportunity for those looking to customize a well-built property with character.
The home sits on nearly half an acre of land with a fully fenced backyard, offering privacy, room to garden, or space to entertain. Inside, you'll find classic design elements of the era, including lots of windows that let in natural light and a practical layout with room to modernize or preserve its nostalgic feel.
Located in a quiet and established part of Apopka, this property offers convenient access to major highways, local parks, schools, and shopping. Just a short drive to Wekiwa Springs State Park, this home combines the best of peaceful Florida living with nearby city conveniences.
Whether you're looking to renovate and restore or invest in a property with strong bones, this is a rare find that's ready for your vision. Don't miss this opportunity to own a piece of classic Florida.
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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.
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Currently no similar homes aroundNearby Rentals
$2,700 /mo
- 3 Beds
- 2 Baths
- 2,147 ft²
$2,700 /mo
- 3 Beds
- 2 Baths
- 2,147 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017