178 SUMTER Road
About This Property
Located in the Bass Capital of the World and just down the road from the upcoming Bass Pro Resort, this property offers both lifestyle and future potential. Enjoy the convenience of nearby dining, shopping, and schools in Palatka and Welaka, while still embracing the quiet, laid-back charm of Putnam County.
Outdoor enthusiasts will love the easy access to the St. Johns River, with endless opportunities for boating, fishing, kayaking, and exploring nature right at your fingertips.
This spacious lot combines privacy, convenience, and opportunity--making it the perfect place to create your own slice of Old Florida living.
All information is deemed reliable but not guaranteed. Buyer is responsible for conducting their own due diligence.
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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 |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Listed by MOMENTUM REALTY | $25,000 | |
| Listed by MOMENTUM REALTY | |||
| Jan 11, 2023 | Sold | ||
| Sold | |||
| May 6, 2013 | Listed by NICOSIA REALTY INC. | $3,500 | |
| Listed by NICOSIA REALTY INC. | |||
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An acre zoned for site built homes or mobile homes. Priced to sell and the sign is in the approx. location of this property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017