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3 Paradox Road
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 |
|---|---|---|---|
| Jul 28, 2023 | Sold | ||
| Sold | |||
| Apr 11, 2023 | Listed by Century 21 Adirondacks | $239,900 | |
| Listed by Century 21 Adirondacks | |||
| Dec 15, 2021 | No longer available | - | |
| No longer available | |||
| Jul 26, 2021 | Listed by Keller Williams Capital Dist | $249,000 | |
| Listed by Keller Williams Capital Dist | |||
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Own a piece of history in the quaint hamlet of Paradox- This lovely farmhouse sits in a park like setting, on an oversized lot with lovely gardens and the ability to have a small business! Formal dining and a screened porch offer you space to relax and entertain. Wide plank floors throughout and dark beams create a feeling of nostalgia when entering. Currently the Paradox Post Office- the area where this business sits could be made into another bedroom, larger porch or whatever you most need! Spacious outbuilding could be a giftshop, bakery? Turn your hobby into a business, or utilize it to store all your toys. Close to snowmobile trail network, high peaks and amenities in the town of Schroon Lake. Join the Paradox Beach club for a small annual fee. Don't let this one slip by, it's a gem! The manager has listed the unit size as 1008 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017