Highway 172
About This Property
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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 |
|---|---|---|---|
| Feb 12, 2025 | Sold | ||
| Sold | |||
| Jan 29, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2024 | Listed by Coldwell Banker Upchurch Rlty. | $120,000 | |
| Listed by Coldwell Banker Upchurch Rlty. | |||
| May 13, 2024 | Sold | ||
| Sold | |||
| Feb 1, 2024 | Listed by HomeSmart | $60,000 | |
| Listed by HomeSmart | |||
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Thinking of building? Discover this unique opportunity in the heart of Madison County: a 2.56-acre parcel awaiting the construction of your dream home. This exceptional property is conveniently located off Highway 172. Only 10 minutes from Danielsville and nine minutes from Comer, youall love the terrific balance of peaceful rural living and convenient access between these two picturesque towns. The property is also ideally situated a short 20-minute drive from Athens Tech, making it an excellent spot for those connected to the educational community. For your shopping and daily needs, the new Kroger Shopping Center is also just 20 minutes away on US-29, where you'll find a grocery store, pet store, restaurants, and various shops. Additionally, the vibrant city life of downtown Athens and the University of Georgia are within a 30-minute reach, offering an easy route to the city. This wooded lot is zoned for Agriculture and has 530 feet of road frontage, presenting a versatile opportunity for both building a private residence or exploring agricultural projects. You'll be in the company of neighboring single-family homes, providing a sense of community while still maintaining privacy. This land is ideal for families or individuals looking to craft a custom home in a location that offers serenity as well as convenience. It also presents a fantastic opportunity for investors or builders seeking a well-located property with development potential in a growing area. Don't miss this chance to create a brand-new haven in Madison County.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017