559 N End Blvd
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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | In contract | - | |
| In contract | |||
| Jul 4, 2024 | Listed by Tom Saab Real Estate | $489,900 | |
| Listed by Tom Saab Real Estate | |||
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*showing for back up offers” A unique opportunity to enjoy quintessential New England seacoast living! Come see why the LOCATION sets 559 North End Blvd apart as it's placed by the border of Salisbury and Seabrook Beach. An older home that provides options for a new build, or with some TLC can transform this property into a wonderful beach home. Excellent parking , great views, a rare front and back yard, and only 450 ft to the beach access. This property carries history as one of the Red Wing Cottages, which the Sellers have owned since the 70s. Originally a duplex, this does well with the living square footage. New foundation put in 20 years ago, 7 yr old roof, and the new electric work done in 2021 are some of the saving factors for this a potential rehab. Electric baseboard heat was installed in 2024. Buyers to perform due diligence. Sold "as is." First showings firmly begin at the open house Sunday, July 7th 11am - 1pm!
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