5720 3RD PL NW
About This Property
This home is your canvas, waiting for you to unleash your creativity and transform it into the residence of your dreams. Whether you envision a conventional rehab, Fannie Mae HomeStyle Renovation, or FHA 203k, the possibilities are endless.
The top floor includes 3 bedrooms and 1 bathroom, providing ample space to create larger bedrooms and additiona full bathroom. The main level offers the opportunity to create an easy flow layout, perfect for hosting gatherings with family and friends and already includes a convenient powder room.
The lower level - a blank canvas awaiting your personal touch. This open space is brimming with potential, featuring a garage area that can be transformed into your private gym, inspiring home office, peaceful yoga studio, innovative workshop, ample storage, or whatever your heart desires. The backyard is fenced and offers parking for 2 cars.
This rare gem is sold as-is. The property is available for immediate occupancy; unleashing your imagination. Don't let this rare opportunity slip through your fingers - seize it now and embrace the excitement of turning this house into your dream home.
Elevate your lifestyle in Brightwood and let your imagination run wild. Contact us today to embark on a journey of transformation and make this remarkable house 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 |
|---|---|---|---|
| Nov 2, 2023 | Sold | ||
| Sold | |||
| Oct 7, 2023 | In contract | - | |
| In contract | |||
| Sep 13, 2023 | Listed by Compass | $650,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017