11931 CR 359
About This Property
Abundant wildlife includes deer, hogs, turkey, quail, and dove, making it an ideal hunting or weekend retreat. Situated at the end of a quiet county road, the property offers exceptional privacy while remaining conveniently close to town.
Improvements include a 2001 manufactured home (1,296 sq ft, 3 bed, 2 bath) with a solid metal roof. The home is in need of renovation; however, several thousand dollars' worth of new flooring and building materials will convey. Water and electric are connected, allowing buyers to move in during renovation.
Move in and work on it. Turn it into a great little homestead, or a fantastic hunting cabin, or just make it your interim housing while you build your dream home out on the 56+ Acres.
The layout of the land supports multiple potential homesites, making it well-suited for a multi-dwelling setup. Located in sought-after Hawley ISD, this tract offers strong long-term investment value and would be conducive to future subdividing.
No known restrictions. Shown by appointment only.
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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 23, 2025 | Sold | ||
| Sold | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Aug 7, 2025 | Price Decreased |
$304,900
↓ $9K
(2.9%) | |
| Price Decreased | |||
| Jun 15, 2025 | Price Decreased |
$313,900
↓ $5K
(1.6%) | |
| Price Decreased | |||
| May 10, 2025 | Listed by Berkshire Hathaway HS Stovall | $318,900 | |
| Listed by Berkshire Hathaway HS Stovall | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017