25
Map
304 Merry Drive
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 |
|---|---|---|---|
| Oct 17, 2023 | No longer available | - | |
| No longer available | |||
| Sep 24, 2023 | In contract | - | |
| In contract | |||
| Sep 2, 2023 | Relisted | $189,000 | |
| Relisted | |||
| Jul 24, 2023 | No longer available | - | |
| No longer available | |||
| May 26, 2023 | Listed by eXp Realty LLC | $189,000 | |
| Listed by eXp Realty LLC | |||
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This former church is brimming with boundless possibilities. Its numerous rooms offer the potential to transform it into a spacious home, a vibrant daycare center, a versatile boarding house, and so much more. With its soaring ceilings and generously-sized rooms, the potential for this property knows no limits. Situated in the heart of Elizabethton and conveniently close to all amenities, don't miss out on this incredible opportunity. The manager has listed the unit size as 5376 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017