131 DUBOIS RD
About This Property
A full size basement with sump pump system, workshop and woodburning stove could be finished off for additional space.
The two car garages are oversized. A bilco door for a second entrance into the basement is located in the garage along with a amazing pulley system that lowers a wooden staircase to access storage upon the garage.
Located in the back yard behind the kitchen/dining area is a large patio area.
There is a 30'x33'x12' (1000 sq. ft.) building and a 2,000 square foot greenhouse also on the property. The solar panels are leased. The propane tanks are owned and stay with the property.
The gutters are covered and there is a pond used for irrigation purposes.
This property is being sold as is. Buyers are responsible for any repairs in order to obtain lender required and township required certifications. Property is 7 acres. The home is on one acre. The 5.99 acres are currently being farmed and the farmer would like to continue farming if possible. This is a Q-farm.
The black top driveway is a horseshoe and the neighbor has a gentleman's agreement to use the one side of the driveway.
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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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Listed by Warner Real Estate & Auction Company | $480,000 | |
| Listed by Warner Real Estate & Auction Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017