6596 Iris Way
About This Property
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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 |
|---|---|---|---|
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Mar 18, 2024 | Listed by McWilliams Team Realty | $625,000 | |
| Listed by McWilliams Team Realty | |||
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A true gem located in the heart of Arvada! Walk in the front door and fall in love with the expanded living room that includes lots of natural light from the 2 picture perfect bay windows and lovely brick fireplace to enjoy on Colorado's cold winter nights- Enjoy gathering with family and friends in the formal dining room or the large eat-in kitchen. You will appreciate the refreshed kitchen with ample cabinets and counter space, sizable pantry, brand new neutral vinyl flooring, fresh paint, new light fixtures and stainless steel appliances. Down the hall features three sizeable bedrooms, one of them a primary suite with a refreshed primary bathroom. Another bathroom in the hallway that includes refreshed enamel bathtub, vanity, neutral tile and a new light fixture. In the basement, you will take a trip back in time to find another large living space with a built-in bar, and don't miss the private office with built in bookshelves! another large bedroom with closet (non conforming) and 1/2 bath. The basement is also home to the laundry room and 3 large storage areas with shelving included. Outside there are multiple spaces to enjoy, a concrete patio, a hobby greenhouse, along with 2 large storage sheds and a large flat space for a dog run or expanded garden. To the North of the house is an extra concrete driveway for guests, a camper or smaller RV, and with the large corner lot you will find another fenced in space with lush green grass. The seller replaced the roof in February 2024, replaced the electrical panel box, and cleaned and serviced both the furnace and gas fireplace. The hot water heater was manufactured in 2019. Arvada is known for all of its parks, so take the Ralston Creek Trail right from the house and explore them all! 10 minutes to Old Town Arvada, 5 minutes to the Simms Street Rec Center and Apex tennis center, and 10 minutes to all your shopping needs! With easy access to I70, this homes location cannot be beat. Come take a look and make it yours!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017