20
Map
7016 Reed 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 |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Feb 15, 2025 | Listed by Keller Williams Realty Downtown LLC | $630,000 | |
| Listed by Keller Williams Realty Downtown LLC | |||
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Opportunity knocks on the door of this 4-bedroom, 3-bath classic ranch home in the heart of Arvada's Lamar Heights neighborhood. The enormous main level (1524 sqft) is designed with the kitchen at its heart, a separate dining space with built-in cabinets, living room w/ tons of light, primary bedroom suite, plus two additional bedrooms & full bath. Wait, there's more on the main level! The family room, aka great room, is highlighted with a fireplace, vaulted ceiling w/ wood beams, and a sliding glass door to your back deck & yard. The entire main level feels fresh w/ recent paint. Head downstairs from the family room and you'll find one more bedroom (non-conforming) and another family/great room that is just simply BIG. Open and bright, this level enjoys more natural light than most basements thanks to garden level windows. Down here, you'll also discover a generously-sized laundry room with a sink, counter space, and lots of storage cabinets. There's another utility room that includes a large closet, two refrigerators, AND a dedicated storage room with built-in shelving. Head back upstairs and out the sliding doors and onto the large deck and find yourself delighted with the privacy and CITY VIEWS. The large yard is garden-ready for spring and the mature trees will provide shade and coolness throughout the day. The back yard is fully fenced with space for a boat, trailer, firewood, or other toy storage via a gate on the north side. From this central location, you're minutes away from Olde Town Arvada, I-70, I-76, Hwy 58, shopping, restaurants, breweries, parks, schools, and so much more. Come see this classic one-level ranch home today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017