118 Weiser Road
About This Property
Discover 4.6 acres of peaceful countryside on quiet Weiser Road in the Town of Wawarsing, with an Ellenville mailing address. Tucked away among the natural beauty of the Hudson Valley and Catskills region, this property offers a rare opportunity to create a private retreat surrounded by woods, open space, and the tranquility of rural living.
A substantial cleared area provides a natural starting point for envisioning your future homesite, while wooded acreage extends beyond, offering privacy, exploration, and a connection to nature. Electric service is present at the property, and the seller reports prior approval for driveway access, providing valuable groundwork for future development.
The property includes remnants from a previously contemplated home plan, including existing cinderblocks associated with a planned crawl-space design. No dwelling or foundation currently exists, allowing the next owner to bring their own vision to the land.
Enjoy convenient access to the recreation and natural attractions of the region, including nearby Ulster Heights Lake and the surrounding hiking, parks, and outdoor destinations of the Hudson Valley and Catskills. Whether you envision a weekend escape, a private country residence, or a place to build for the future, this property offers the space and setting to make it your own.
Buyer to perform all due diligence regarding intended use, zoning, building approvals, septic requirements, utilities, lake-association eligibility, and property boundaries.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017