713 Grassmere Avenue
About This Property
set on an expansive and private 125 x 138 lot in beautiful Interlaken.
Property has not been on the market for over 35 years!
Home needs some renovation but is worth the effort bring this classic charmer back to its original grandeur. presently a 3bdr but could be four bdr.Some of the original details include period glass doors leading to 1st and second story porches, brick fireplace, radiator heat, and hardwood floors.
The possibilities for the home and property are endless.
Located in the quiet and charming town of Interlaken.
The area offers easy access to local beaches, restaurants and shopping.
Low taxes and a great school system.
Sold strictly in ''as Is'' condition.
Buyer is responsible for the C of O
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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 |
|---|---|---|---|
| Oct 29, 2021 | Sold | ||
| Sold | |||
| May 28, 2021 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Ocean | $799,900 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Ocean | |||
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About Interlaken
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017