116887 S 4205 Road
About This Property
Looking for a place to store your boat, lake toys, RV, or equipment? This versatile property features a 30' x 60' insulated metal building with a steel frame, concrete floor, and electricity already in place. Whether you're looking for secure storage, a workshop, or your next lake-area project, this property offers endless possibilities.
The building includes a 26' x 30' partitioned room that could be finished into a cozy cabin or living quarters while still leaving plenty of room for storage in the front portion of the building. Or, bring your vision and convert the entire structure into a unique lake retreat or full-time residence (subject to local regulations).
Additional features include two 9-foot overhead garage doors for easy access and ample side yard space for a covered porch, expansion, outdoor entertaining area, or additional parking. Conveniently located near Lake Eufaula, this property is ideal for lake enthusiasts, hobbyists, investors, and anyone looking for a project with tremendous potential.
Bring your imagination and discover all the possibilities this property has to offer!
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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 |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$95,000
↓ $10K
(9.5%) | |
| Price Decreased | |||
| Jul 29, 2026 | Price Decreased |
$105,000
↓ $20K
(16%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by Eufaula Lakeshore Realty, LLC | $125,000 | |
| Listed by Eufaula Lakeshore Realty, LLC | |||
| Sep 3, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017