27055 TANGIER DRIVE
About This Property
PROPERTY OVERVIEW:
• Three contiguous lots
• Approximately 0.34 acres total
• Residential zoning
• Ideal for custom home build
LOCATION & LIFESTYLE:
• Quiet, up-and-coming area
• No deed restrictions or HOA
• Plenty of space for a home, garage, and outdoor living
POTENTIAL & OPPORTUNITY:
• Build your dream home or invest for the future
• Room for pool, workshop, or additional storage
• Flexible use options with no HOA limitations
Conveniently located with easy access to nearby shopping, dining, and major roadways, this property offers the perfect balance of privacy and accessibility. Whether you're ready to build now or invest for the future, this oversized homesite presents an exceptional opportunity in Tropical Gulf Acres.
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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 |
|---|---|---|---|
| Sep 7, 2026 | Price Decreased |
$33,500
↓ $2K
(4.3%) | |
| Price Decreased | |||
| Apr 13, 2026 | Listed by KW PEACE RIVER PARTNERS | $35,000 | |
| Listed by KW PEACE RIVER PARTNERS | |||
Property Highlights
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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017