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319 RIVER RD
About This Property
Two thoughtfully updated manufactured homes, together spanning 2,600 square feet, currently grace this property. With four bedrooms and three and a half baths total, these well-maintained homes provide immediate comfort or rental income potential. A charming red barn-style shed adds extra storage, while the fenced and gated entrance ensures privacy.
But it's what lies ahead that truly sets this property apart. Rising 30 feet above the river, this land presents a remarkable opportunity for your future dream home. Imagine floor-to-ceiling windows capturing breathtaking river views, multi-level living spaces that flow seamlessly with the natural terrain, and peaceful moments spent watching wildlife along the tree-lined river below
Whether you choose to rent both homes as a pure investment, rent them while planning and building your dream home, or live in them now knowing you have the perfect spot for your future sanctuary, this property offers flexibility few others can match. Don't miss this opportunity to own a piece of riverside serenity with unlimited potential.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 5, 2024 | Listed by Orso Realty | $389,000 | |
| Listed by Orso Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017