655 Quitman St
About This Property
Payment Calculator
Your Estimated Monthly Payment
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 14, 2022 | Sold | ||
| Sold | |||
| Feb 16, 2022 | Listed by RE/MAX of Cherry Creek | $724,900 | |
| Listed by RE/MAX of Cherry Creek | |||
| | |||
|
INCOME POTENTIAL – A rare opportunity to own two, single family detached homes separated by what amounts to a vacant, buildable lot in Denver’s Villa Park! These fully fenced properties are being sold together as a package. Home #1, 649 Quitman, is situated on a large lot (75’ x 125’) and consists of 845 sqft above ground, a partial, unfinished basement, 1-car, front load, detached garage and has 2 beds & 1 bath. This home does have some minor structural damage. Home #2, 655 Quitman, sits on an extra large lot (100' x 125'), was renovated in 2012 and consists of 1,106 finished sqft (790 above & 316 below) with an additional 474 unfinished sqft in the basement. This home has 3 bedrooms, 1 bath and a 2-car, alley load, detached garage. A 50' x 125' buildable lot could be separated from 655 Quitman and would lie in between the two existing homes. Once legally separated, another single family detached home could be constructed based on the current E-SU-Dx zoning. Renovate each home, build a third and sell each separately. Rent the two homes and build a third. The possibilities are endless!
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017