7240 Teller 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 |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Apr 12, 2025 | In contract | - | |
| In contract | |||
| Apr 3, 2025 | Listed by Wisdom Real Estate | $610,000 | |
| Listed by Wisdom Real Estate | |||
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Discover this charming well-maintained 4-bedroom/3-bathroom ranch home in a quiet, desirable Arvada location. Owned by the original owner, this home offers timeless appeal and fantastic potential! The xeriscaped front yard provides low-maintenance curb appeal, while the fully fenced backyard-featuring a covered patio with morning sun and afternoon shade-backs directly to North Arvada Middle School with no rear neighbors. Enjoy the added bonus of a Golden Delicious apple tree! Inside, the layout includes a formal living room, a formal dining room, and an open kitchen that connects to the cozy family room with a gas fireplace. The main level features three bedrooms, including the primary suite with an en-suite 3/4 bathroom, plus two secondary bedrooms and a full bathroom. The partially finished basement offers great flexibility with space for a rec or game room, a non-conforming and unfinished bedroom, a half bathroom, and a large storage/utility/laundry area. Additional highlights include new interior paint + carpet and an attached 2-car garage. Unbeatable location within walking distance of North Arvada Middle School. The home is also close to The Arvada Center for the Arts and several parks with trails and playgrounds. With easy access to I-70, Arvada offers the perfect balance-nestled between Denver and Boulder, with a short drive to the mountains. Don't miss this incredible opportunity in one of Colorado's most desirable communities!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017