709 Pace Road
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 |
|---|---|---|---|
| Apr 18, 2024 | Sold | ||
| Sold | |||
| Feb 1, 2024 | Listed by Keller Williams Realty Peachtree Rd. | $524,900 | |
| Listed by Keller Williams Realty Peachtree Rd. | |||
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Nestled in a tranquil setting away from the road, this property exudes serenity, with deer and turkeys freely roaming the 5.5 acres! Large and mature trees dot the landscape, creating a wooded haven. The sunroom provides a picturesque view of the wooded section and the shop provides a place to stash your outdoor gear. Positioned closer to the road, the additional dwelling offers a great opportunity to fix-up, run utilities and lease it out for additional rental income. The home is meticulously maintained by the long-term family tenants. The main home's attic space can easily be converted into additional rooms, and the potential living space. A generous covered patio sits beneath the sunroom, while a sprawling wrap-around porch adorns the front and side of the house. A concrete parking area precedes the garage, connected to the home by a covered breezeway. Conveniently, the property is in close proximity to major shopping centers like Costco, Walmart, Sam's Club, Hobby Lobby, Michaels and a plethora of restaurants. Wellstar Paulding Hospital and emergency room are under 2 miles from the home. The area's booming, making it prime time to snag this 5+ acre gem!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017