5309 Royalton Center Road
About This Property
Key Features:
• Grand Cathedral Ceiling Gathering Room: An awe-inspiring, open space with soaring ceilings, perfect for large-scale entertaining or converting into a dramatic living area.
• Second Large Gathering Area: A versatile space that can serve as a family room, studio, or additional living area with ample room for customization.
• Fully Functional Kitchen: A commercial-grade kitchen with modern amenities, ideal for cooking for large groups or reimagining as part of a gourmet kitchen for your dream home.
• Upstairs Rooms: Spacious rooms that offer potential for bedrooms, offices, or additional living space, with natural light flooding in through large windows.
• Ample Parking: A large parking lot provides plenty of space for residents and guests, along with a convenient circular driveway for easy access.
• Zoning Flexibility: With zoning allowing for both single-family or two-family use, this property presents an exciting opportunity to create your perfect living space or investment property.
Whether you're looking for a unique home with dramatic architectural features or a property with potential for conversion, this former church offers endless possibilities. Don't miss the chance to make this exceptional space your own.
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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 |
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Feb 18, 2025 | In contract | - | |
In contract | |||
Feb 8, 2025 | Relisted | $125,000 | |
Relisted | |||
Jan 18, 2025 | In contract | - | |
In contract | |||
Jan 12, 2025 | Listed by Century 21 Turner Brokers | $125,000 | |
Listed by Century 21 Turner Brokers |
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Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
- 1 Unit for Sale
