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5535 25TH STREET W
About This Property
Inside, you'll find an open, bright floor plan with a kitchen that's ready for everything from quick meals to holiday feasts. Recently updated with a breakfast bar peninsula and a walk-in pantry, you'll love the storage and openness that make the kitchen a social focal point. The office (with closet) could be converted to a formal dining room or 4th bedroom. The spacious family room has a gas fireplace for seasonal charm, and it's french doors open to the lanai and pool. The screened lanai has dual areas for eating and entertaining clients or just kicking back after a long day. Adding an outdoor kitchen is a breeze with water, drain, and electricity available. Recent hurricane protection seals the deal - New roof in '21, impact windows installed in '22, and hurricane-rated doors in '25. Everything's been refreshed so that you can move in and get straight to work.
But here's what really sets this property apart - the options for a built-out. You've got two full driveways, an extended detached 2-car garage, and enough room to comfortably park four to six vehicles. Need to store vans, equipment, or inventory? No problem, the 10' gate allows access to the backyard. That detached garage, already plumbed for a bathroom, gives you many options to build out as a workshop, home office, Accessory Dwelling Unit, Short-term rental, or private in-law suite.
Centrally located, you can get to downtown, to SRQ airport, and to the beach in minutes, making this the ultimate live-work-play setup. Whether you run your own business or just want a home that can truly grow with you, this property checks every box.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017