2904 SE Indian Street
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Sep 24, 2024 | Listed by Water Pointe Realty Group | $205,000 | |
| Listed by Water Pointe Realty Group | |||
| | |||
|
Double Lot, Multi-family zoning. 100 ft frontage on Indian Street. Possibility to build two structures. County water and sewer. Located in Golden Gate Community Redevelopment area which offers liberal zoning. Have plans for duplex consisting of two 3/2 units per side, each with 1450 sq. ft.
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| Apr 4, 2022 | Sold | ||
| Sold | |||
| Feb 18, 2022 | Listed by Illustrated Properties/Sewalls | $139,988 | |
| Listed by Illustrated Properties/Sewalls | |||
| | |||
|
Double Lot situated directly on Indian Street. Multi-family zoning, 100 sq.ft. frontage on Indian Street. Possibility to build 2 separate structures. Owner will consider Owner financing. County water, sewer may be available. Located West of Willoughby Creek. The majority of the neighborhood is single family and multi-family. Only minutes to shopping, beaches, I-95, etc. Very centrally located. Golden Gate was originally platted in the 20's and occupied some of the most spectacular properties in Martin County. This property is also located in the Golden Gate Community Redevelopment area which offers liberal zoning.
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| Feb 3, 2022 | Listed by Illustrated Properties LLC / S | $139,988 | |
| Listed by Illustrated Properties LLC / S | |||
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017