751 Fairmont Avenue
About This Property
Here is a fantastic opportunity to own a character filled home in Glendale! This Tudor-styled home was built in 1926 and yet has wonderful modern updates including central heat and air and dual pane windows. The living room has hardwood floors and a fireplace, and is connected to the formal dining room making loads of space for dining and entertaining. There is also a cool retro-inspired bar in the dining room. There are 3 bedrooms including a master suite with a private bathroom. The kitchen has new flooring and lots of counter space and cabinets, and also has a private breakfast nook. There is a great covered patio, fenced yard, and a detached garage plus a long concrete driveway with room for multiple vehicles. This is a probate sale, and court confirmation is required. Agents, see private remarks for more information.
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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 |
|---|---|---|---|
| Dec 26, 2019 | Sold | ||
| Sold | |||
| Jul 9, 2019 | Listed by Keller Williams WMC | $725,000 | |
| Listed by Keller Williams WMC | |||
| Jul 6, 2019 | No longer available | - | |
| No longer available | |||
| Jun 21, 2019 | Price Decreased |
$775,000
↓ $14K
(1.8%) | |
| Price Decreased | |||
| May 17, 2019 | Price Decreased |
$789,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017