51 Pine Ridge Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | Listed by Colonial Manor Realty | $799,900 | |
| Listed by Colonial Manor Realty | |||
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Often described as the "best" street in Reading! Located on the WEST SIDE, where you will enjoy ease of access to major routes, downtown, schools & parks, this tree lined neighborhood is the setting of beautiful homes...some having sold upward of 2M$. This is an AMAZING opportunity for those who understand the value of an exceptional location, while also having the ability to build instant equity with this much loved home for decades. Built in the 40's when quality & charm were evident, this true center entrance colonial features a lovely foyer with a pretty staircase & gentle archways on both sides. Hardwood floors are found throughout, while a mantled fireplace adorns the front to back LR, with access to an inviting screed porch. The spacious kitchen opens to the DR that is ideal for everyday & special occasion dining. Upstairs the center hall exudes a sense of grandeur, & leads to 3 very good sized bedrooms, each with great closets. The yard is "perfect" & fenced. This won't last!!
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| Jan 13, 1978 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017