508 PASADENA
About This Property
A few steps up from the living areas you reach 3 newly carpeted bedrooms and a new full bath. A few steps down from the living area you are in the newly carpeted family room. Thru the family room is the 1/2 bath and large utility room that has the washer, dryer, gas heater, gas hot water heater and there is still room for storage or a work shop. A 3rd exterior door leads from this area to an exterior covered porch that can be enclosed by the new owners in the future. This exterior room is perfect for BBQs and outdoor entertainment.
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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 |
|---|---|---|---|
| Nov 30, 2021 | Sold | ||
| Sold | |||
| Sep 18, 2021 | Listed by MLS Direct | $255,000 | |
| Listed by MLS Direct | |||
| Jul 22, 2021 | Sold | ||
| Sold | |||
| Jun 9, 2021 | Listed by Compass New Jersey, LLC | $179,000 | |
| Listed by Compass New Jersey, LLC | |||
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Welcome to 508 Pasadena Dr! 3 bedrooms 1.5 split level situated in the desirable subdivision, " Catalina Hills" in Gloucester Twp. The home is in need of updating and cosmetics but the "bones " are good. The main level features an updated kitchen, with plenty of cabinet space ( all appliances included). Additionally, on the main level is a living and a d living room.( original hardwood floors on the main and upper level......waiting to be refinished)The lower level offers a spacious 20X 13 family room and an updated half bath as well as a laundry facility. Behind the laundry room is a spacious Florida room( has not been used in a number of years and does need work). The upper level features 3 bedrooms and a FULL REDONE BATHROOM. Most windows throughout the property have been replaced. The exterior is in need of "steps repair" concrete slab replacement, and landscaping. The home is being conveyed in its present condition. The seller will make no repairs. The Buyer will responsible for any repairs as may be required by the lender or the township ( certificate of Occupancy). Why pay the exorbitant prices in today's crazed real estate market? A little bit of imagination and hard work and you can reap the rewards of your labor! CASH or CONVENTIONAL FINANCING.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017