2636 Nicholson Road
About This Property
Inside, this home features three bedrooms, two full bathrooms, and an inviting layout with two living areas and a dedicated office or flex space. You'll appreciate thoughtful updates like new energy-efficient windows, an HVAC system replaced in 2020, and a new water heater in 2023.
Step outside to enjoy a fenced backyard that's perfect for pets or play, complete with an inground pool ready for summer days and gatherings. Beyond the fence, the property opens up to flat, usable acreage and a peaceful pond near the back of the property, offering plenty of room to roam and enjoy. A detached garage/workshop provides additional storage or hobby space.
Conveniently located minutes from US Hwy 1 and Hwy 24, commuting to Fort Liberty, Fayetteville, or the Raleigh area is a breeze while still enjoying the quiet of country living.
If you've been searching for a home with land, your own pond, and timeless brick charm, 2636 Nicholson Rd is one you won't want to miss.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017