6716 Otis St
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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 17, 2024 | Listed by Wisdom Real Estate | $575,000 | |
| Listed by Wisdom Real Estate | |||
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This charming ranch-style home in Arvada offers endless potential, awaiting your personal touch to transform it into your dream residence! This 4 bedroom/2 bathroom home is located in a peaceful neighborhood, and has had some recent exterior updates including new paint, a newer roof, new concrete driveway & pathways, and newer sewer line. The main floor layout includes an inviting living room and kitchen area, three good-sized bedrooms, and full bathroom. Downstairs is a large living space, the fourth bedroom, another full bathroom, and a utility room that can be used for storage or a pantry. Step outside to the fully fenced backyard and discover a spacious cement and brick patio, perfect for outdoor dining, entertaining, or simply enjoying the Colorado sunshine. The front yard sprinkler system takes the guesswork out of watering, and the attached oversized two car garage provides ample space for parking and storage. Conveniently located less than half a mile from Secrest Recreation Center which offers an outdoor pool, gymnasium, inline skating rink, and more. Secrest Elementary School is only half a mile away, providing convenience for households with young children. Arvada is just nine miles from the state's capital and sits just off the I-70 corridor for easy access to the mountains. Don't miss your chance to own this delightful ranch-style home, schedule a showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017