$619,900

Residential · MLS® A2259892
4Bedrooms
2Bathrooms
904.7Sq Ft
2Garage
1957Year Built
02 / Overview

PROPERTY OVERVIEW

Welcome to 1509 38 Street SE — a home that doesn’t just check boxes, it opens doors. Renovated top to bottom, this bungalow blends modern comfort with real investment power, sitting proudly on a 50×126 ft R-CG lot with a fully finished Legal Basement Suite and an Oversized Heated Garage.

Inside, the main floor shines with an expansive 225 sq ft Primary Bedroom, a second bright Bedroom, and a refreshed Full Bath. The Kitchen steals the show with Stainless Steel Appliances,...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area904.7 sq ft
Lot Size6,296 sq ft
ZoningR-CG
HeatingForced Air
CoolingCentral Air
ParkingDouble Garage Detached • Garage Door Opener • Garage Faces Rear • Heated Garage • Insulated • Off Street • Oversized • Parking Pad • RV Access/Parking
ExteriorDog Run • Outdoor Kitchen • Private Yard
BasementFull
Year Built1957
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$964After mortgage & expenses
Cap Rate2.6%Based on market rents
Cash on Cash Return-9.3%With 20% down payment
Est. Monthly Rent$1,783Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

FOREST LAWN

Moderate Investment
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Investment Score65/100
Avg Home Price$573K
Active Listings32
Listed by Shay Fischer · MaxWell Canyon Creek