1344 Maple Lane
About This Property
Embrace country charm and flexibility with this rare 1.5-acre unrestricted lot, featuring both a cozy mobile home and a 1920s farmhouse. The expansive, flat land offers picturesque views and is equipped with utility water, making it ideal for various uses. Perfect as a multi-family property, investment opportunity, or spacious single-family homestead, this property offers incredible flexibility for your needs. Whether you're looking to restore the farmhouse's historic charm, enjoy the convenience of the mobile home, or even build additional structures, the possibilities are endless. Don't miss this versatile property in a serene location! Please note: This property is being sold as-is, where-is, the seller will make no repairs.
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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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 30, 2024 | Listed by Tennessee Elite Realty | $150,000 | |
| Listed by Tennessee Elite Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017