2428 US 58 Highway
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 |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| Feb 28, 2024 | No longer available | - | |
| No longer available | |||
| Jan 23, 2024 | In contract | - | |
| In contract | |||
| Sep 22, 2023 | Listed by The Pointe Realty Group of Lake Gaston, LLC | $200,000 | |
| Listed by The Pointe Realty Group of Lake Gaston, LLC | |||
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Restore this grand lady to her former glory- once used for overflow guests at the Buffalo Springs Hotel. Restoration was started by the current owners: re-wiring, electric service, and there are storm windows ready to install. The curved Porch opens to a spacious Foyer. There are formal Rooms & the charm of a main & rear stairs! The 6+ ACRE borders the Corps of Engineers land. You are close to the historic Buffalo springs & Boat Landing for Kerr Lake. Located on a divided Highway- great potential of thinking of a business! Come & put your imagination and muscles to work! Close your eyes & relax & you can almost hear the Porch Parties that took place right here ! The manager has listed the unit size as 3000 square feet.
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| Jul 15, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017