115 COLONIAL Avenue
About This Property
Zoned R2 - Residential Two-family.
This lot is perfect for a duplex or held for investment. Its measured 152 feet frontage, and 137 feet deep.
There are a few houses in the area.
CRESCENT SHORES HEIGHTS, MB5 P30 BLK 21 LOTS 6 + 7
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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 |
|---|---|---|---|
| Dec 6, 2023 | Sold | ||
| Sold | |||
| Jul 5, 2023 | Listed by CENTURY 21 TRITON REALTY | $5,990 | |
| Listed by CENTURY 21 TRITON REALTY | |||
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This is a vacant, wooded .24+/- acre lot near Crescent Lake. Zoned R-2, which allows mobile, modular, or site built homes. FEMA map and county map, show no flood zone or wetlands. If building, buyer will need survey, well, septic, and electricity which is on Paradise Shores Rd. Buyer is advised to contact Putnam County Planning and Zoning to verify their intended use. Approximate dimensions are 75'x138'. Colonial Ave is a road that narrows the farther you go. If you choose to drive in, you will have to back out. There is no turn around. It is advised to walk to property. It appears it will not take much clearing to open/widen Colonial Ave up have easy access to this property. Cash sale or owner financing is available $2999 down, $250 per month for 28 months.
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| Feb 27, 2023 | Listed by BEYCOME OF FLORIDA LLC | $12,200 | |
| Listed by BEYCOME OF FLORIDA LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017