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1010 Monroe Avenue
About This Property
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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 |
|---|---|---|---|
| Feb 28, 2026 | Listed by Key & Legacy Realty LLC | $30,000 | |
| Listed by Key & Legacy Realty LLC | |||
| Mar 13, 2025 | Sold | ||
| Sold | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Feb 10, 2025 | Price Decreased |
$25,000
↓ $3K
(10.7%) | |
| Price Decreased | |||
| Sep 24, 2024 | Listed by Real Estate by Barbour LLC | $28,000 | |
| Listed by Real Estate by Barbour LLC | |||
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Just east of Joel Boulevard in Lehigh Acres, this east Lee County location is only 1 mile from the local fire station. Located on a paved, county-maintained road, this 1/2 acre parcel is ready for a new owner to make it their own. With low carrying costs, like affordable property taxes of only a few hundred dollars annually, this land is perfect for an investor's portfolio. Lots of new construction is cropping up all over this neighborhood, with plenty of solid new construction comps within the 2-mile radius.
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About Joel
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$1,300 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017