309 Otis Road
About This Property
With just over one and a third acre, this property has endless possibilities! Motivated seller owned property, bring all offers!
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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 |
|---|---|---|---|
| Dec 2, 2022 | Sold | ||
| Sold | |||
| Jul 8, 2022 | Listed by ERA HEAVENER REALTY | $210,000 | |
| Listed by ERA HEAVENER REALTY | |||
| Sep 24, 2021 | Sold | ||
| Sold | |||
| Aug 20, 2021 | Listed by WATSON REALTY CORP | $149,000 | |
| Listed by WATSON REALTY CORP | |||
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Come see this BEAUTIFUL piece of land that includes 3.5 acres, mostly cleared with drive located on main road leading to a very private, idyllic setting for your dream house or mobile home. Convenient to major highways US90, 23A and I-10. 2 sheds, 12x20 and 12 x 40.
Vacant land available is situated to the left of the mobile home on 309 Otis Rd. It is ''L'' shaped ( see photos) and wraps to the left. The approximate 3.5 acres will be surveyed and separated into its own parcel by the seller upon executed contract. Mostly fenced and easy to observe land boundaries.
Come see this today!!! It will not last.
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| Dec 17, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017