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Map
2196 Archie Sapp Road
About This Property
Discover your dream property with this sprawling 50-acre gem, nestled in nature's embrace. Located on a corner lot, this remarkable land is completely fenced in and boasts a serene pond, offering the perfect canvas for your vision. Whether you're an aspiring rancher or an astute investor, this parcel has it all.
Key Features:
Diverse Land Use: This expansive tract offers a perfect blend of cleared and natural land. Over 30 acres have already been thoughtfully cleared, while the remaining acres have been utilized for hunting and farming, allowing you to embrace a variety of activities.
Well-Equipped: This property is well-prepared for your needs, with three wells in place. Two of these wells are conveniently located near the potential home site, ensuring easy access to water resources.
Invaluable Potential: While the mobile home on the property sustained damage during Hurricane Michael, it's not beyond repair. The current value of the trailer may be modest, but it presents a remarkable opportunity for those with a vision to restore it to its former glory, making it a fantastic investment.
Natural Oasis: Nature enthusiasts will revel in the property's centerpiece-a majestic cypress pond. This enchanting feature adds not only aesthetic charm but also potential recreational opportunities right in your own backyard.
Endless Possibilities: With ample cleared land, secure fencing, access to water, and the potential for power, this parcel is primed for transformation into the perfect home site or a savvy investment opportunity. Whether you're envisioning a private estate, a ranching venture, or a future development project, this property has the potential to exceed your expectations.
Embrace the opportunity to own this versatile 50-acre parcel, where the canvas is blank, and the possibilities are boundless. Your dream home site or investment awaits - seize it today! Contact us to explore this exceptional property further.
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Cap Rate Calculator
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 15, 2024 | Sold | ||
| Sold | |||
| Nov 23, 2022 | Listed by Think Real Estate | $265,000 | |
| Listed by Think Real Estate | |||
| Oct 10, 2022 | No longer available | - | |
| No longer available | |||
| Apr 15, 2022 | Listed by Elite Realty | $349,900 | |
| Listed by Elite Realty | |||
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50 acres of land with several home sites to choose from. Property is fenced and cross fenced, 2 wells and one septic. Plenty of cleared property with rolling terrain, includes a pond.... lots of wildlife. Property does have a mobile home with damage from storm.
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| Apr 23, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017