601 16th St
About This Property
NO HOA. This beautiful home is the perfect turn-key investment property. Plenty of room to add a garage and has great parking. Located just blocks from UNC campus, restaurants, and coffee shops. The Zoning is Commercial High Intensity (C-H).
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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 |
|---|---|---|---|
| Jul 28, 2022 | Sold | ||
| Sold | |||
| Jun 22, 2022 | Listed by Keller Williams Realty Downtown LLC | $350,000 | |
| Listed by Keller Williams Realty Downtown LLC | |||
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Wonderfully updated, charming Greeley home. As you enter, you will love the classic high ceilings and dedicated, large living room and dining room providing an open concept feel. Tastefully updated kitchen with newer kitchen cabinets and laminate flooring with plenty of room to add an eat-in bistro set. Two private bedrooms and a large, updated full bathroom on the main floor provide a comfortable and complete setup. The basement is complete with another two bedrooms and an updated, full bathroom as well as a large living room area perfect for your home theater. The basement could easily be converted to a duplex or mother-in-law suite. Newer paint and carpet throughout. The spacious corner lot provides plenty of room for outdoor fun with its completely fenced-in yard, garden bed, mature trees, concrete patio, and brand-new concrete driveway with room to park 6 vehicles or your RV/boat! The New Tuff shed provides plenty of safe storage for your lawn equipment as well.
NO HOA. This beautiful home is the perfect turn-key investment property. Plenty of room to add a garage and has great parking. Located just blocks from UNC campus, restaurants, and coffee shops. The Zoning is Commercial High Intensity (C-H).
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| Nov 4, 2019 | Sold | ||
| Sold | |||
| Jul 20, 2001 | Sold | ||
| Sold | |||
| May 23, 2001 | Listed | $107,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017