709 Cherry St
About This Property
Inside, you'll find a bright and inviting living space with double-pane windows and a cozy wood-burning stove. The open kitchen includes all major appliances, and both bedrooms are conveniently located on the main level. The full unfinished basement doubles your space potential, ready for storage, future expansion, or a home gym.
Enjoy your fully fenced yard with sprinklers, dog run, and garden area, perfect for outdoor living. With low taxes, no HOA, and proximity to schools, parks, and downtown Fort Morgan, this home offers incredible value for the price.
Don't miss this rare combination of comfortable living and serious workshop potential; schedule your showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 23, 2025 | Sold | ||
| Sold | |||
| Nov 10, 2025 | In contract | - | |
| In contract | |||
| Nov 3, 2025 | Listed by HomeSmart | $325,000 | |
| Listed by HomeSmart | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017