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622 Mallory Drive
About This Property
Major updates include a newer top-of-the-line Carrier HVAC system with gas heat, a high-output Rinnai tankless gas water heater that has been regularly flushed and maintained, and solid 1/2-inch bamboo hardwood flooring throughout much of the home. The kitchen is exceptionally well appointed with brand-new, never-used appliances, newly faced cabinetry with upper cabinetry recently replaced, granite countertops, a new sink, and a new Moen touch-activated faucet. Additional improvements include new rear French doors, a new entry door, and a recently painted interior.
The living area is enhanced by a wood-burning fireplace with a granite hearth pad for added safety and a polished finished look. Both bathrooms have been tastefully updated. The guest bath features custom tile flooring, a granite vanity top, and a distinctive copper sink, while the remodeled primary bath offers attractive tile finishes and a spacious walk-in shower.
Outside, the extended driveway provides ample room for additional vehicles, an RV, or ATVs while allowing the garage to remain available for primary vehicles. A heated gunite pool and spa, complete with new equipment and a newer gunite surface, create an inviting setting for relaxing, entertaining, and enjoying Florida living year-round.
This well-equipped home also includes practical features that make routine upkeep easier and help preserve its well-maintained condition, including screened gutters. The garage is equipped with a 50-amp breaker and offers the option for air conditioning, providing added flexibility for use as a workshop, hobby space, or for additional comfort.
With extensive upgrades, evident pride of ownership, and a fantastic North Shore location, this exceptional property is truly a wonderful place to call home. Call today to schedule your private showing.
ALL MEASUREMENTS ARE APPROXIMATE AND SHOULD BE VERIFIED BY BUYER.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017