703 Old Oak Street
About This Property
This neighborhood allows for an ACCESSORY DWELLING STRUCTURE up to 600 SQFT for additional income potential.
Walking distance to everything in the heart of the Eau Gallie Art District. Multiple parks, restaurants, bars, brewery and music are just steps away. The Eau Gallie bridge is around the corner and the ocean only 3 miles away.
Interior drywall has been removed to expose the structure.
350 Luxury apartments going in across the street behind Starbuck.
The ART DISTRICT is BOOMING!
The vacant Lot with Frontage on Shady Lane is also being sold. It can be purchased separately see MLS # 934982
*Accessory Dwelling Structures can be attached to the main house & do not have to be detached.
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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.
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About Creels
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Currently no similar homes aroundNearby Rentals
$1,995 /mo
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$1,975 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017