729 MOTTER AVENUE
About This Property
The main level features a spacious living and dining area, perfect for entertaining, along with a newly updated kitchen offering serene backyard views and a stylish powder room. Upstairs, you'll find three comfortable bedrooms with warm wood flooring, an updated full bath, and a convenient laundry nook. The rear bedroom is a standout, complete with a brand-new private balcony overlooking the tranquil yard.
The finished lower level adds flexibility with a recreation or bonus room, kitchenette, full bath, laundry area, generous storage, and walk-out access-ideal for guests, hobbies, or extended living.
Outside, the backyard serves as your own private retreat, featuring a charming walkway lined with numerous trees and shrubs that provide vibrant color throughout much of the year. The path leads to a private parking pad large enough for two vehicles.
This well-maintained home has undergone numerous upgrades and updates, including a natural gas HVAC heat pump system and hot water heater that are approximately one year old, a new 200-amp electrical panel with updated wiring, and new plumbing. The property is being sold as-is. Enjoy the convenience of a location close to shopping, restaurants, Baker Park, and Frederick Health.
Don't miss this opportunity-schedule your showing today!
Seller may accept an offer at any time without notice.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017