0 Probasco Street
About This Property
Introducing a prime 12.84-acre residentially zoned parcel located at 0 Probasco St, Lafayette, GA. This expansive piece of land is ideally situated just 5 minutes from the heart of downtown Lafayette, offering both convenience and accessibility. With sewer connections already in place and utilities for electric and water readily available, this property is primed for immediate development, providing a solid foundation for your residential project. Located only 15 minutes from the vibrant city of Chattanooga, this property combines the tranquility of a rural setting with the convenience of urban proximity. Enjoy the best of both worlds with a peaceful, suburban lifestyle and easy access to the dynamic amenities and opportunities that Chattanooga offers. This ideal location enhances the property's attractiveness for potential homeowners or developers seeking a serene yet connected community. The land is surrounded by stunning mountain ranges, providing an inspiring and picturesque setting. The natural beauty of the surrounding landscape not only adds to the visual appeal of the property but also offers potential residents a scenic and serene environment to call home. This captivating backdrop makes the parcel particularly appealing for those seeking a tranquil living experience amidst nature. In summary, this 12.84-acre residentially zoned land at 0 Probasco St presents a rare opportunity for development in a highly desirable area. With its prime location, essential utilities, and breathtaking mountain views, this property is an excellent investment for future residential growth. Seize the chance to develop in a region that offers both scenic beauty and convenient access to urban amenities.
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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 2, 2025 | In contract | - | |
| In contract | |||
| Feb 27, 2025 | Sold | ||
| Sold | |||
| Jan 24, 2025 | Relisted | $104,000 | |
| Relisted | |||
| Dec 2, 2024 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Price Decreased |
$104,000
↓ $5K
(4.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017