81504 Alexander
About This Property
Charming stone sets the tone for elegant living in the gated golf course community of Governors Club! Call me for a private Showing!
Tucked away in Morehead Forest, this home offers soaring ceilings and large open spaces for easy flexibility for your furnishings. Feel free to be as creative as you wish while defining rooms with your vision! The towering 2-story foyer is illuminated by natural light and a sophisticated chandelier suspended from the second-floor ceiling. A dramatic staircase ascends to a loft overlooking the first level. The main level primary bedroom allows easy and safe access to rooms you use daily. The kitchen has all the modern amenities, including a center island, desk, stainless steel appliances, built-in ovens, and a Wolf 6 burner gas cooktop with griddle. Steps away from the kitchen are a huge walk-in pantry and a laundry room, which doubles as a great caterer's prep area. Upstairs, you will find the loft, two additional bedrooms with walk-in closets, a full bathroom, & ample walk-in storage, including a cedar closet. Access from the sunroom, family room, or kitchen allows you to enjoy the huge deck and screened porch, which offers additional living space and protection from the elements. 15-30 minutes to UNC, RTP, RDU, Duke, NCCU, and Southpoint Mall.
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Cap Rate Calculator
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 31, 2025 | Sold | ||
| Sold | |||
| Mar 9, 2025 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Listed by Berkshire Hathaway HomeService | $729,900 | |
| Listed by Berkshire Hathaway HomeService | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017