1700 Melissa Lane
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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.
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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 29, 2024 | Sold | ||
| Sold | |||
| Jul 25, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Listed by Norma Boggs Realty | $129,900 | |
| Listed by Norma Boggs Realty | |||
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Very Pretty tree lot ,storage building The biggest plus is a approx. 8x36 incomplete building that is about 65 % complete for living quarters.
There is two Eletric meters one active water meter and one inactive, just a few minutes to Hwy 67 and 35 .
Build your home of put your mobile home on the land.
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| Feb 16, 2024 | Sold | ||
| Sold | |||
| Jan 19, 2024 | Listed by JPAR Cleburne | $175,000 | |
| Listed by JPAR Cleburne | |||
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Seller decided to go in a different direction so their loss is your gain. Property has 2 utility addresses. Over an acre with lots of trees but you have several options to build your dream home or move a mobile home onto property. The red building can be used as a guest house or in law suite or you can finish it out and live in it while your dream home is being built. Seller started the remodel but didn't complete it so it is a blank canvas for you to use your imagination. It is fully wired and hooked up to electric and plumbing. In addition, there is a large building to use as storage or whatever you would like to use it for. There is a concrete pad at the back of the property that has a second electric meter.
Country living but close to shopping, schools and highways.
Septic is on property but seller does not guarantee anything about it because it was disconnected from the home that was removed.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017