710 HANKIN ST
About This Property
The gracious living room, complete with a charming fireplace, and the generously sized dining room provide ideal settings for refined entertaining. Ascend to the third-floor attic, which has been transformed into a magnificent open loft, perfect for a home office, creative studio, or additional living space. Rich Chestnut wood accents and gleaming hardwood floors add timeless beauty throughout the home.
The fully finished basement offers a full bathroom, a legal bedroom, and recessed lighting, making it an excellent space for guests or extended family. Step outside to the large deck, adorned with a pergola, perfect for alfresco dining and gatherings. The property also includes a detached 2-car garage and a long driveway, providing ample off-street parking. The deep, setback backyard offers a tranquil oasis for relaxation and outdoor activities.
Located in the vibrant heart of Downtown Silver Spring, this home is steps away from an array of fine dining establishments, a movie theater, Whole Foods, a library, and the Silver Spring Metro. Enjoy the convenience of Bullis Park just one block away and a leisurely stroll to Nolte Park. With an updated roof, a new heating system and a brand new heat pump AC system for the 2nd floor and attic this residence is move-in ready, waiting for you to experience its charm and elegance. Don't miss the opportunity to reside in one of Silver Spring's most desirable neighborhoods.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017