843 TOWNSEND BOULEVARD
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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%.
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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.
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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 |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Mar 10, 2025 | Listed | $325,000 | |
| Listed | |||
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This 3BR/2.5BA Colonial, located in Towne Point, has been owned by the same family since being built in 1973. The home includes original hardwood flooring throughout most spaces on the first and second floor along with a rustic brick wood-burning fireplace in the family room. Kitchen updates include newer oak cabinets, laminate counters, laminate wood flooring, and a Kitchen Aid dishwasher. A like new gas range is also included along with the refrigerator, built-in microwave, and dining furniture. The living room, dining room, stairway, and upper level hall have been freshly painted. The primary bedroom features a full private bathroom with a recently updated shower. Bedrooms 2 and 3 share access to a second full bathroom in the hall which includes a bathtub and new flooring. The partially finished basement has a large rec room and separate laundry/utility room complete with washer and dryer. The attached two-car garage provides practical storage with sturdy built-in shelving along both side walls. In 2016, the owners installed a Lennox HVAC system and a new gas water heater. Solar panels were installed in 2017 with current low lease payments of $98.02 per month. Additional details about the solar lease can be found in the seller's disclosure. Other highlights of this move-in condition home include no HOA fees, public water, public sewer, added insulation in the attic, new rear storm door, storage shed , and over 2100 square feet of living space including the basement. Towne Point is located less than 10 minutes from DAFB with quick access to Routes 13 and 1 and approximately 45 minutes to the Delaware Beaches!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017