10582 Grabbs Lane
About This Property
2-bath double-wide mobile home nestled among mature trees and on a road with no through traffic. At one end of the home, a flexible living
area with a wet bar, space for a fridge, and a dedicated exterior door offers potential for a casual lounge,
office, playroom or flexible living space. Set apart from the main house, a fully serviced outbuilding
includes water, electric, and septic, offering a bedroom, bath, compact kitchen, and living area-ideal for
guests, rental income, or multi-generational use. A workshop structure, wired and complete with a covered
three-car carport, provides space for projects, storage, or parking.
Outside, the open acreage invites creativity-envision gardens, quiet retreats, or play areas amid the shade
of mature trees. While the property does require some finishing touches, thoughtful updates like some
fresh paint, some newer flooring, and an HVAC system (approximately one year old) lay a solid foundation
for customization. This setup offers immediate livability paired with room to grow. Schedule a viewing
soon to explore how this property can support your plans.
Payment Calculator
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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 |
|---|---|---|---|
| Oct 28, 2025 | Sold | ||
| Sold | |||
| Oct 2, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Listed by Keller Williams Rockwall | $225,000 | |
| Listed by Keller Williams Rockwall | |||
| Dec 8, 2022 | Sold | ||
| Sold | |||
| Nov 15, 2022 | Listed by Real Broker, LLC | $199,900 | |
| Listed by Real Broker, LLC | |||
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2.51 ACRES IN AN UNICORPORATED AREA!! Doublewide Mobile Home, Guest House, and 20X40 Barn with Attached Workshop on 2.51 Acres. 3 Bed, 2 Bath Mobile Home with 2 Living Areas. 1 Bed, 1 Bath Guest House is Approximately 300 Sq Ft, and has Separate Electric Meter.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017