13D Rainey Valley 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%.
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 |
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| Oct 22, 2026 | Listed by Appalachia Land & Homes | $124,995 | |
| Listed by Appalachia Land & Homes | |||
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Introducing a truly unique 2-acre tract of land with 120 feet of frontage on Dooley Creek, seasonal mountain views, and a tremendous amount of improvements made including a graded and graveled driveway and home site, walking / side-by-side trails, and cleared area by the creek with a rock firepit ready for your enjoyment. The proposed home site is perched up perfectly overlooking an expansive flat area leading to the creek. Power, water and internet will be available soon. The property has been surveyed with lot lines marked, and soil testing complete ready for septic installation. There's no set time to build your mountain dream home. So build now or build later. If you're not ready to build yet, pull up your camper, pitch a tent, hang a hammock, and enjoy your investment until the time is right. Located in Morganton, between two of the most popular towns in the north Georgia mountains... Blue Ridge and Blairsville. Only 15 miles from each downtown area, and only 15 miles to Murphy, NC. This small quaint community does have light restrictions to protect your investment but does not have an HOA. The surrounding area has numerous activities such as the Poteete Creek boat ramp only 3 miles away, the Nottely Boat Club & Marina only 3 miles away, the Lakewood Landing Boat Launch in Morganton just 15 miles away, Nottely Hiking Trails, Poteete Creek Camp Ground, Nottely Dam, the Rope Swing, Davenport Mountain OHV Trails, and just a short 15 minute drive to grocery stores, gas stations, BBQ and other restaurants, antique shops, wineries, and countless other outdoor activities like hiking, biking, waterfall viewing, fishing, and boating. Two additional 2-acre adjoining lots with creek frontage or seasonal mountain views are available if you're looking for more land or to build a family compound. Call us today for a private showing of this beautifully improved property. We look forward to hearing from you soon! Property is locked. Viewing by Apt Only. Owner / Agent.
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| May 29, 2024 | Sold | ||
| Sold | |||
| May 30, 2023 | Listed by Union Realty | $187,500 | |
| Listed by Union Realty | |||
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Located in the picturesque town of Blairsville, Georgia, along the tranquil banks of Dooley Creek, lies a magnificent property spanning 10.47 acres of pristine natural beauty. This expansive tract of land offers a serene escape from the hustle and bustle of city life, presenting a perfect opportunity to embrace a peaceful and harmonious lifestyle. Nestled amidst the majestic Blue Ridge Mountains, this idyllic parcel features a diverse topography, boasting rolling hills, lush green meadows, and captivating wooded areas. The babbling Dooley Creek meanders along the property, bestowing a soothing soundtrack of flowing water upon its surroundings. With its crystal-clear waters and gentle currents, the creek not only adds to the visual appeal but also provides a refreshing oasis for nature enthusiasts. The property's generous size ensures ample space for various possibilities, whether it be constructing a dream mountain retreat or embarking on a small-scale farming endeavor. The rich fertile soil and abundant sunlight present an ideal environment for cultivating gardens, orchards, or vineyards. The verdant landscape also offers a sanctuary for local wildlife, providing nature enthusiasts with an opportunity for birdwatching, wildlife photography, or simply relishing in the tranquil ambience. Boasting a prime location, this 10.47-acre gem is just a short distance from Blairsville's charming downtown, where one can explore quaint shops, local eateries, and community events. Additionally, the surrounding area is teeming with recreational opportunities, including hiking trails, fishing spots, and scenic overlooks, inviting residents to immerse themselves in the breathtaking beauty of the North Georgia mountains. In summary, the 10.47 acres on Dooley Creek in Blairsville, GA, is a slice of paradise that combines natural splendor, tranquility, and endless possibilities. Whether seeking solace in nature, pursuing outdoor adventures, or building a dream home, this remarkable property promises a harmonious blend of rural charm and modern convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017