1923 W 3RD Street
About This Property
The corner positioning of the lot not only enhances its visibility but also opens up a myriad of design possibilities for those with an eye for spatial creativity.
This corner lot is not merely a piece of land; Whether you envisage a charming residence, the paved road leading to the lot is the first step on the journey of a custom build toward turning your dreams into reality.
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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 |
|---|---|---|---|
| Apr 10, 2024 | Sold | ||
| Sold | |||
| Feb 4, 2024 | Listed by WATSON REALTY CORP | $21,000 | |
| Listed by WATSON REALTY CORP | |||
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ATTENTION BUILDERS AND INVESTORS!!! This corner lot offers a lot of potential. Bring your vision and plans and come build your new construction project. Other new construction homes are in the area. Close to downtown Jacksonville, hospitals and shopping. Buyer to pay for new survey.
Two Parcels Sold Together (Lot 7 & 8)
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Property Highlights
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Listed On
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About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017