1 Boston
About This Property
Discover the potential of this nearly 6-acre property conveniently located just off Highway 9. Currently operating as a mobile home park with 24 lots-approximately half of which are rented-this property offers immediate income potential as well as exciting future possibilities.
Continue operating as a rental investment, reimagine the property to suit your vision, or create your own primary or secondary lake retreat. The opportunities are truly endless.
Ideally situated near the new Nine Oaks development, this property also offers close proximity to lake access, Nine Marina, two state parks, as well as nearby dining and shopping options.
Don't miss this unique investment opportunity-call today for more information!
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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 |
|---|---|---|---|
| Apr 6, 2026 | Listed by Eufaula Lakeshore Realty, LLC | $728,300 | |
| Listed by Eufaula Lakeshore Realty, LLC | |||
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About Longtown
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Last Updated: 3 months ago
Data Source: MLS Technology, MLS# 2611934
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Address: 335 Madison Avenue, New York, NY 10017