618 Gresham Avenue SE
About This Property
The chef-inspired kitchen is a true highlight, boasting gorgeous granite countertops, stainless steel appliances , a pantry, and custom cabinetry. The adjacent living room is a showstopper, with custom wood accents, a sleek modern fireplace and built in bench. The main level also opens up to a large covered back deck, ideal for outdoor dining or relaxation.
The luxurious main bedroom suite is a serene retreat with a private covered porch, his and her walk-in closets, and a spa-like bathroom that exudes elegance. Enjoy a custom shower, a soaking tub, double vanities, and a linen closet. The home is filled with custom lighting and Craftsman-style wood details, ensuring that every corner feels unique and thoughtfully crafted.
Each of the home's bedrooms is spacious, with custom-built closets, while solid core doors add to the home's exceptional quality. For added flexibility, the flex space upstairs has been finished adding a bonus room, additional bedroom or office as well as a full bath. The garage is also set up for an electric car, catering to modern needs.
This exceptional home is located just one neighborhood away from the vibrant Beltline and in a highly desirable school district, offering the best of intown living. With easy access to dining, entertainment, parks, and just minutes from the airport, this home truly has it all. Don't miss the chance to make this spectacular property yours!
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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 |
|---|---|---|---|
| Dec 13, 2024 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Nov 14, 2024 | Listed by Atlanta Fine Homes Sotheby's International | $985,000 | |
| Listed by Atlanta Fine Homes Sotheby's International | |||
| Apr 7, 2022 | Sold | ||
| Sold | |||
| Apr 1, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017