5129 Gatewood Drive
About This Property
Upon arrival, a grand entrance awaits, showcasing an oversized two-car garage that effortlessly accommodates your vehicles and provides abundant storage space for all your needs. For the discerning hobbyist or DIY enthusiast, indulge in the luxury of not one, but two workshops, thoughtfully designed to inspire creativity and productivity. With one workshop boasting a convenient sink, tackling projects has never been more convenient or enjoyable.
Step inside and prepare to be enchanted by the heart of this home - a magnificent screened porch that seamlessly extends your living space outdoors. Imagine evenings spent gathered around the fireplace, savoring the warmth of the flames, or whipping up culinary delights in the dedicated cook area, all while surrounded by the serenity of nature. Adjacent to the porch, a charming patio beckons, offering the perfect setting for al fresco dining or simply basking in the gentle breeze.
Within, the open-concept Living Room/Dining Room combination provides a versatile backdrop for both casual gatherings and formal entertaining, while three generously proportioned bedrooms offer sanctuary and seclusion. A dedicated family room awaits, promising cozy evenings spent unwinding with loved ones or indulging in your favorite pastimes.
Efficiency and convenience reign supreme with a dedicated laundry room, complete with a washer and dryer, ensuring that household tasks are accomplished with ease. And with a sprawling .65-acre lot at your disposal, the possibilities for outdoor enjoyment are endless, whether you envision a lush garden oasis or a sprawling play area for the little ones.
Nestled in a prime location with effortless access to RTP and major thoroughfares, this home effortlessly combines tranquility with convenience, offering the best of both worlds. Don't let this opportunity slip away - seize the chance to make this your forever home and embark on a journey of unparalleled comfort and luxury!
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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 28, 2024 | Sold | ||
| Sold | |||
| May 28, 2024 | Listed by Keller Williams Elite Realty | $425,000 | |
| Listed by Keller Williams Elite Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017