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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%.
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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 |
|---|---|---|---|
| May 31, 2025 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Mar 21, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Feb 26, 2025 | Listed | $650,000 | |
| Listed | |||
| | |||
|
Prime Investment Opportunity on Nearly 5 Acres in Fort Lupton! Discover the potential of this unique property, ideally situated just minutes from downtown Fort Lupton! Whether you're looking for your next investment or a place to build your dream home, this expansive lot offers incredible possibilities. The existing home features 3 bedrooms, 1 bathroom, ~1,200 square feet of living space on the main floor and an additional ~500 square feet in the basement, ready to be finished. However, due to significant structural issues, a full renovation or rebuild is recommended. Utilities are already in place, including electricity (currently disconnected, serviced by United Power) and a propane tank (condition unknown). The septic system was installed in 2011, with some documentation available, though its current condition is unverified. A major highlight of this property is its fully fenced layout and two large outbuildings: A 2,100 sq. ft. equipment building/barn and a 1,400 sq. ft. utility shed. The property has a permitted water well, drilled with a new pump installed in December 2012. It is approved for "Ordinary Use," which includes: one residential home, up to 4 large animals (horses, etc.), up to 74,000 sq. ft. of garden/lawn irrigation (234,000 gallons/year). Buyer(s) may have the option to connect an Accessory Dwelling Unit (ADU) to the existing well, but doing so, it would eliminate water usage for animals and irrigation due to county water allocation regulations. Interested buyers should verify all water usage and zoning details with Weld County. This property is being sold strictly as-is. This property offers tremendous potential in a sought-after location. With nearly 5 acres of land, existing infrastructure, and flexible development possibilities, it's an opportunity you don't want to miss!
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| Jan 30, 2025 | Sold | ||
| Sold | |||
| Jan 16, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017