1478 Cypress Avenue
About This Property
Lots 3 and 4 are also for sale for a combine .60
acres if desired.
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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 |
|---|---|---|---|
| Dec 21, 2021 | No longer available | - | |
| No longer available | |||
| Jun 25, 2021 | Price Increased |
$175,000
↑ $30K
(20.7%) | |
| Price Increased | |||
| Feb 24, 2021 | Listed by Florida First Real Estate Co. | $145,000 | |
| Listed by Florida First Real Estate Co. | |||
| | |||
|
WOW !!! Lowest priced vacant commercial lot in the area. 66 ft. wide x 132 ft. deep.Wide range of commercial opportunities. Water and sewer available. Paved street on Cypress Ave. Rear alley roadway in rear of property. One block from Hwy U.S.1. One block from Eau Gallie Blvd. Located in City of Melbourne. Price is right. LET'S TALK !!!
| |||
| Jan 15, 2021 | Sold | ||
| Sold | |||
| Dec 16, 2020 | Listed by RE/MAX Alternative Realty | $45,000 | |
| Listed by RE/MAX Alternative Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017