LOT 35 RIGA DR
About This Property
Welcome to Ocean Way Estates in Ocean View, Delaware! This stunning vacant land at Riga Drive offers an incredible opportunity to build your dream home in a prime location. Just minutes away from the pristine shores of Bethany Beach, this beautiful lot is perfectly situated for those seeking both tranquility and convenience.
Spanning from E Riga to W Riga, this expansive lot provides ample space to bring your architectural vision to life. With only one neighbor on your left and one on your right, you'll enjoy a sense of privacy and exclusivity.
Immerse yourself in the coastal charm of Ocean View, where sandy beaches, recreational activities, and a vibrant community await. Whether you're a beach enthusiast, nature lover, or simply seeking a peaceful retreat, this location offers it all.
Don't miss this extraordinary opportunity to own a piece of paradise. Embrace the coastal lifestyle and create lifelong memories in Ocean Way Estates.
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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 |
|---|---|---|---|
| Jun 23, 2023 | Sold | ||
| Sold | |||
| Jun 1, 2023 | In contract | - | |
| In contract | |||
| May 24, 2023 | Listed by Compass | $129,900 | |
| Listed by Compass | |||
Property Highlights
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017