7047 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 |
|---|---|---|---|
| Jun 11, 2024 | Sold | ||
| Sold | |||
| May 18, 2024 | In contract | - | |
| In contract | |||
| Apr 23, 2024 | Listed by HomeSmart | $659,000 | |
| Listed by HomeSmart | |||
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Welcome to this 4-bedroom, 3-bathroom home nestled in the heart of Arvada. This property offers a comfortable & inviting living space, ideal for both relaxation and entertaining. Step inside to discover a well-designed layout featuring an open floor plan, updated kitchen, spacious living room (equipped with surround sound), gas fireplace and bay windows throughout. The kitchen features modern appliances & ample cabinet space, making cooking a delight. The primary bedroom boasts an en-suite bathroom and spacious closet. A huge benefit of this home is that 3 of the 4 bedrooms are on the main floor! The living room has french double doors (with a separate dog door for your pet friends) that lead out to a covered, tiled patio with overhead lighting, speakers and new ceiling fans. Outside, you'll find a private, fenced-in backyard area, featuring mature trees and tiered beds ideal for gardening and enjoying Arvada's sunny days. Between the dining room and kitchen there is a huge ceiling vent in the main hallways that can cool the whole home within minutes! Another unique feature about this home is the surround sound speakers have a receiver that are hard wired throughout the patio and the living room. Receiver connects to the surround sound inside so mom can listen to music on the porch while dad is inside watching the football game: receiver and TV are INCLUDED. Downstairs, you'll find tall ceilings with a huge bonus space which could work well as a play area, workout space, second living room or large guest room. The 3/4 bathroom doubles as a laundry space and there is a huge utility space for all your storage needs. This home features a large two-car garage with a huge driveway for 5 parking spots total. This home is located in the very desirable Lamar Heights neighborhood in Arvada which features great schools and a vibrant, walkable downtown area known for its unique charm. Book your showing today!
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| Aug 12, 2020 | Sold | ||
| Sold | |||
| Jul 6, 2020 | Listed | $565,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017