509 ALHAMBRA ROAD
About This Property
The list of updates is quite extensive, but the highlights include a new metal roof, PGT hurricane-rated windows and doors, renovated bathrooms and updated kitchen.
From the 3 bedrooms with en-suite baths to the stunning 14 x 40 caged pool with covered sitting areas, and the invitingly large front porch, this home exudes southern hospitality.
The exquisite chef's kitchen includes all wood, soft close cabinetry, quartz counter tops and delightful custom details, and, the convection oven with induction cooktop will ensure your gourmet skills are showcased just like your crystal will be behind the lovely glass fronted cabinets. Even the laundry room is a treat - wood cabinetry, laundry sink, quartz counters with beautiful tile backsplash, and an elevated dryer so no bending!
Other notable qualities of this exceptional home are the split bedroom floor plan, expansive master suite with sitting area, Plantation Shutters throughout and 5 sets of hurricane rated sliders that provide light and sweeping views of the pool and gardens from all rooms in the home. There is an oversized 2-car garage for your toys with a pull-down ladder for access to your Florida basement-attic!
And let's not forget the nearby amenities, Gulf beaches, walking/biking trails, public boat launches, golf courses, dining, shopping and entertainment options are just a few of the things that make Venice Island so special. All this and only ½ mile to the beach or town, truly a "walkable" location.
This is a home that only needs you to make it perfect, all the updates are done, you will be so pleased when you make this home yours!
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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%.
How much can I actually make?
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