117 Featherbed Lane
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%.
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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.
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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 31, 2023 | Sold | ||
| Sold | |||
| Jun 7, 2023 | Listed by Flex Realty | $1,499,900 | |
| Listed by Flex Realty | |||
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Situated on a 6 acre lot overlooking Lake Champlain's Paradise Bay sits a fully operationally business know as the Anchorage. A cabin resort featuring 14 cabins and a main lodge established in 1957, now on it's second owners, the tradition of cabin getaways on over 300' of waterfront still carries on. Come be the next stewards of this charming resort and put your spin on a quintessential business in the Champlain Islands! The property has received extensive modifications and updates to 13 of the 14 cabins and the main lodge over the past 6 years, from paint/decor to rebuilds/additions, nothing has been left untouched. Each cabin is unique in size and decor with 1-2 bedrooms, 3/4 private baths, and all include a small fridge, microwave and Keurig. The main lodge features a commercial kitchen and 45+ person dining room, guest living and game rooms, a large screened back porch, and a front deck with easterly Lake views perfect for watching the sunrise while the owner/manager living quarters boast 2 bedrooms with en-suite 3/4 baths, a private living area and screened porch. Multiple outbuildings afford ample workshop/storage space for the included equipment and rental boat fleet that guests can enjoy. Continue with the current business and tradition, create your family compound, or take advantage of the development potential for a PUD or single family neighborhood on this large lakefront property, the options and opportunity are unlimited. Schedule your tour today!
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| Dec 1, 2021 | No longer available | - | |
| No longer available | |||
| Oct 20, 2021 | Relisted | $1,499,000 | |
| Relisted | |||
| Oct 1, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017