82812 Charlestown Avenue
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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 |
|---|---|---|---|
| Oct 17, 2023 | Sold | ||
| Sold | |||
| Dec 19, 2022 | Listed by Coldwell Banker Realty | $472,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 20, 2022 | Sold | ||
| Sold | |||
| May 9, 2022 | Listed by Coldwell Banker Realty | $260,000 | |
| Listed by Coldwell Banker Realty | |||
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Property fell out of escrow at no fault of the sellers. Buyer failed to perform. HOME INSPECTION MUST BE DONE ON JUNE 9th AT 10AM due to tenant accommodations. Are you an investor looking for your next cash cow? They are actively moving out. Well this is the property for you! This home will require an almost complete rebuild, but at this price theres plenty of profit to be made. Comps show the ARV to be $415,000 at a minimum depending on degree and quality of construction/upgrades. This 3 bedroom, 2 bathroom home is 1304 sqft and has a 8,276 sqft lot that comes with side gate access for RV parking and is large enough to build the backyard of your dreams with a large pool and spa, outdoor kitchen, covered patio, or an accessory dwelling unit. It gets even better when you find out that theres no HOA, eligible for short term rental permit, and it is just minutes away from the world famous Coachella and Stagecoach Music Festivals. Please dont kick yourself for not showing this to your investor. It is an absolute money maker at this sale price. Buyers and buyers agent to perform their own due diligence regarding permits, construction, lot size, etc. Information provided is deemed reliable but not guaranteed. HOME IS BEING SOLD AS-IS. TENANT OCCUPIED. TENANTS HAVE BEEN GIVEN 60 DAY NOTICE TO VACATE. BUYER MUST AGREE TO COE OF JULY 20,2022. IF BUYER REQUIRES EARLY COE THEN THEY AGREE TO INHERIT TENANTS. Black spots on the pictures are to hide personal and family pictures.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017