8 Shortell Ave
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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Jan 9, 2025 | Listed by Proactive Realty | $550,000 | |
| Listed by Proactive Realty | |||
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It's priced LOW & it's in the sought after RYAL SIDE neighborhood – right across the street from Crane River. This lovely neighborhood features a launch for paddle boards and kayaks. It is minutes from the restaurants & shopping of Downtown Beverly, as well as quick commuter rail & highway access. DOUBLE SIZE LOT - very rare in this neighborhood & it is NOT in a flood zone. Charming home spacious fireplaced living room, over-sized kitchen with laundry in it. All appliances are included: LG washer & dryer are included. Also has a brand new stove. Front and rear enclosed porches. Massive deck and good size fenced-in back yard. The inground pool is not operational and will need replacement or removal. 2 spacious sheds included. CENTRAL AIR! Massive driveway that fits 6 vehicles. Homes in this neighborhood don't sell often. It needs some updating but it's a lovely home and the location is PERFECT! DEADLINE FOR OFFERS IS MONDAY JAN 13 AT 5PM
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017