2251 Hemlock Road
About This Property
on the market; prior buyer did not qualify for financing'. 1.35 Tree studded acres brings you back to nature with fabulous views across the 80 ft. wide channel of crystal blue green water. 2 possible 3 Brm cottage with washer/dryer hook up has been updated and is being sold furnished as is and mostly turn key. Bring your main bed, linens, clothes and food. You will appreciate the newer kitchen with newer appliances (Kitchen contents), furniture (2 sets of bunk beds), TV; Spectrum cable/ high speed internet available, updated bath and the interior features cozy knotty pine accents throughout. Sun room has a futon and refrigerator. Multiple docks, Sandy Beach, solar lighted Gazebo, 14x28 barn built 2019 has loft storage- contents to include riding mower, smaller yard shed with contents, cute vintage mini camper for over flow guests, play house or storage (as currently used) round out the package. Paddle boat, 2 picnic tables and other miscellaneous items included. If you are looking for a serene lake property here it is! Super quiet and private. Enjoy all sports Hemlock lake and you also have access to No Wake Carpenter lake and even all sports Long Lake. Oh, and there are resident turtles just waiting to be fed...they love pieces of hot dogs! Bring your s'mores for the fire pit ~ this place has so much to offer, don't delay and let this one get away.
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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 |
|---|---|---|---|
| Nov 13, 2025 | Sold | ||
| Sold | |||
| Oct 19, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Relisted | $289,900 | |
| Relisted | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Sep 1, 2025 | Listed by CENTURY 21 Affiliated | $289,900 | |
| Listed by CENTURY 21 Affiliated | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017