7284 7TH Street
About This Property
It's a 2700+ Sq. Ft. distressed home w/ over 35 mature Pecan Trees, 2 wells, run down workshop on a large cement slab, plus a detached adobe structure. The main house has several rooms down 2 hallways, it has two-3/4 bathrooms, LR - DR combo next to a small kitchen. All need work. The property has tall mature pine trees along Seventh Street. It sits on a 2.12 acre corner lot overlooking Canutillo.
Located up the street from the iconic Lil Diner & adjacent to Canutillo Heights subdivision. It's only minutes from Outlet Shops, Providence Hospital Trans mountain, West-Town Place restaurants, shopping, movie theater and much more.
Property Sold As Is. Unknown exact condition of cesspool. Sample water wells, water tank test passed Nov 2022. EP Water & Sewer utilities are also available @property line. Tx Gas & Electricity are connected
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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.
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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 |
|---|---|---|---|
| Mar 27, 2023 | Sold | ||
| Sold | |||
| Jul 1, 2022 | Listed by Sandy Messer And Associates | $275,000 | |
| Listed by Sandy Messer And Associates | |||
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About Canutillo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017