628 SPERRYVILLE PIKE
About This Property
Major remodel and upgrades completed over the past couple of years including:
Attic loft
-blown insulation
-installed combination based cooling and heating unit
Level 2
-walk-in closet with built-in shelving in Primary bedroom
-upgrade tile flooring in bathroom
-new vanity
-new toilet
-new shower diverter valve and shower head/faucet
Level 1
-luxury ceramic tile in foyer
-dim-able LED lighting fixtures
-custom design ceramic tile in dining room
-open floor plan between dining room and living room
-luxury ceramic tile in laundry room
-customized entryway to laundry room with antique glass doors
-ceramic tile flooring
-new cabinets in kitchen
-granite counter tops
-new sink, faucet and garbage disposal
-new stainless steel appliances (refrigerator, dishwasher, stove and microwave)
-5 burner gas range
-tile flooring
-custom tile standup shower in bathroom
-new vanity and faucet
-new toilet
-new in-wall heating unit
-built off kitchen pantry with built in shelving
-ceramic tile mud room
Cellar/Basement
-dedicated GFCI circuit for sump pump and dehumidifier
-continuous duty rated dehumidifier
Exterior
-New paint throughout entire interior and exterior of the home
-brand new vinyl handrails around front porch
-painted front porch and steps
Entire home
-interior paint all rooms all 3 levels
-installed all new overhead lighting
-replaced all electrical outlets and switches
-new pex water supply lines to all fixtures
-2 inch faux wood horizontal blinds in all windows
-refinished all wood flooring
-new outdoor hvac unit and new indoor coil
-installed new incoming electrical power feed, including meter base and inspected June 2021
-internal electrical panel box rewired to code and inspected in June 2021
Fully finished attic loft offers a bird's-eye view of the area! Currently set up as a lounge area, this would make a fantastic (and incredibly large) 4th bedroom! Classic hardwood flooring, stainless steel appliances, and an oversized corner lot make one-of-a-kind property an absolute find! Plenty of off-street parking in the driveway and rear.
Sit on your front porch or back deck and relax, or, take the 5 minute walk to downtown Culpeper! Quick and easy access to the Virginia Avenue traffic circle makes this a perfect spot for commuters!
Zoned for MULTI-FAMILY, TOWNHOMES, DUPLEXES, and assorted COMMERCIAL application! This diamond in the rough is ready for your ideas!
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Cap Rate Calculator
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