3107 Moran ROAD
About This Property
The mature oaks throughout the property were intentionally preserved to create a natural oasis and maintain privacy. A block wall was erected to enclose the entire 1/2-acre backyard, a high priced feature if new. The existing structure is a single family home with 3 bedrooms, 3 full bathrooms, 2 car garage and pool, spanning 2,784 HSF. It's a timeless floor-plan (block construction) situated as a 3-way split with formal living, formal dining, family room w/ fireplace + enclosed Florida room. There's a bonus room off the owner's suite ideal for an exercise room with in-ground Jacuzzi. The existing home will require extensive updating and remediation from roof leak and is priced as is (land value).
Rare is the opportunity to find a centrally located 1-acre lot zoned for the development of 3 or more residential homes. Close to the intersection of N. Dale Mabry Hwy & Fletcher Ave, which means less than 5 minutes from Publix, Fresh Market, Lowes & an abundance of retail, restaurants, nightlife & cafes.
Schedule your site visit today and bring your vision.
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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 |
|---|---|---|---|
| Feb 26, 2024 | Sold | ||
| Sold | |||
| Jan 5, 2024 | In contract | - | |
| In contract | |||
| Dec 3, 2023 | Price Decreased |
$1,299,000
↓ $51K
(3.8%) | |
| Price Decreased | |||
| Oct 3, 2023 | Price Decreased |
$1,350,000
↓ $100K
(6.9%) | |
| Price Decreased | |||
| Oct 3, 2023 | Relisted | $1,450,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017