616 WILLIAMS AVE
About This Property
Situated in a quiet neighborhood in desirable Runnemede, 616 Williams Ave is just steps from the school and the community park, close to shopping and dining, and a quick commute to all major highways.
AS-IS!!! The sellers are not interested in doing any repairs! Any lender-required repairs and requirements from the borough of Runnemede to obtain the certificate of occupancy will be the responsibility of the buyer. SELLERS WILL NEED TO FIND SUITABLE HOUSING.
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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 18, 2022 | Sold | ||
| Sold | |||
| May 25, 2022 | Listed by Weichert Realtors-Turnersville | $275,000 | |
| Listed by Weichert Realtors-Turnersville | |||
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About Runnemede
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017