Welcome home to this outstandingly loved unit located in adorable
Lake Victoria in Smithville of Galloway showcasing a water view and
private one-car garage. You'll immediately want to stay
awhile as you enter the Foyer and fall in love with the Kitchen
that makes you feel as you've just arrived at the shore! The
lovely partially open layout features a huge bar/peninsula between
the Kitchen & Dining area that easily seats four. Just beyond
the Dining Area is the cozy sunken Family Room showcasing a gas
fireplace and easy access through the French doors onto the private
back patio. This space screams serenity overlooking the
absolutely stunning view of the community pond with fountain
feature. As you ascend upstairs, you'll discover the
conveniently located upper level Laundry room as well as the
Primary Bedroom featuring a large walk-in closet and attached
ensuite Bathroom. Just down the hall, you'll adore the two
additional great sized Bedrooms and another full shared Bathroom.
The super convenient oversized one-car garage with floored
upper attic storage and plenty of room in the driveway for two
additional cars is a fabulous bonus as well! The unit has
floored Attic storage as well. Lake Victoria is a
quiet, walkable, and outstandingly maintained community and
is certainly highly desired and well-known for the year round
shops/eateries/events at Historic Smithville right around the
corner, 7 minutes from Stockton University, 25 quick minutes to
beautiful Brigantine and Atlantic City., and Long Beach Island is
just under an hour! The coveted community also boasts a
Resident Clubhouse, TWO Swimming Pools, and a Fitness Center!
NOTABLE UPDATES: Newer Roof & Replacement Windows,
Furnace & Air Conditioning replaced in 2015, and the fireplace was
recently professionally cleaned, Icing on the cake; Seller is
providing a 1-year 2-10 Homebuyers Warranty at Settlement!
Don't miss out on this low-maintenance and move-in ready gem,
schedule your private showing today!
Unit Size
1,428 Ft²
Days on Market
44 days
Land Size
-
Price per sqft
$203
Property Type
Condo
Property Taxes
$398
HOA Dues
$314
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
HOA/Condo/Coop Amenities: Clubhouse, Maintenance Grounds, Basketball Court, Fitness Center, Tennis Court(s), Playground, Community Center, Lake, Jog/Walk Path, Swimming Pool
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