32035 HICKORY MANOR RD
About This Property
This prime lot, located near beautiful Delaware beaches, offers an exceptional opportunity for redevelopment. Sold AS IS due to fire damage, the true value lies in the lot and existing foundation, making it a perfect canvas for your dream home or investment project.
Ideal Location: Just a short drive to pristine beaches, offering the ultimate coastal lifestyle.
Lot and Foundation: Despite fire damage, the existing foundation provides a solid starting point for rebuilding.
Unlimited Potential: Reimagine and rebuild this property to suit your needs and preferences.
Investment Opportunity: Excellent potential for appreciation given the desirable location near beaches.
Seize the opportunity to design and build to your specifications.
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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 |
|---|---|---|---|
| Aug 7, 2024 | Sold | ||
| Sold | |||
| Jun 19, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Listed by Sell Your Home Services | $119,900 | |
| Listed by Sell Your Home Services | |||
| Aug 5, 2020 | No longer available | - | |
| No longer available | |||
| Jan 10, 2020 | Price Decreased |
$134,000
↓ $46K
(25.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017