3572 Dorsey Drive
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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 2, 2023 | No longer available | - | |
| No longer available | |||
| Feb 11, 2023 | Relisted | $1,886,500 | |
| Relisted | |||
| Feb 8, 2023 | No longer available | - | |
| No longer available | |||
| Jan 16, 2023 | Listed by Bullseye Auction & Appraisal | $1,950,000 | |
| Listed by Bullseye Auction & Appraisal | |||
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This property is selling at auction. The posted price in no way reflects a reserve, starting bid or any expectations of price. 27.3 +/- Acres with Lake Lanier Frontage with Access from Hidden Hill Drive and Dorsey Drive SELLING AT ONLINE AUCTION AUCTION BID DEADLINE: Wednesday, March 15, 2023 ASSET DESCRIPTION: This auction will consists of two separate parcels that total 27.3+/- acres of undeveloped land with frontage and dock permits on Lake Lanier. The first parcel totals 22.85+/- acres. Per the Hall County Tax Assessor, this tract is currently comprised of multiple parcels. In January of 2023, a majority of these parcels were surveyed to form one parcel with 605'+/- of frontage on Lake Lanier. This tract can be accessed from Hidden Hill and Dorsey Drive. This tract is being conveyed with two docks and their permits. See "Documents" tab for copy of survey and dock permits. The second parcel consists of 4.45+/- acres of undeveloped land with an unknown amount of frontage on Lake Lanier, Hall County Tax Parcel #08021 001542. This tract includes a sewer easement. Both parcels/tracts will be sold in a single offering. ONLINE BIDDING REGISTRATION: Online bidding to begin on Friday, March 3, 2023. However, you may register now for the auction, regardless whether you intend to bid or not. By registering you will be kept up to date with any changes or updates related to the auction. INSPECTION: Please contact Auctioneer for instructions. You are STRONGLY advised to inspect the property and reply on your own findings. TERMS: Non-refundable earnest money deposit of 10% of the purchase price required within 24 hours of contract acceptance. Closing to occur within 30 days of contract acceptance. LEGAL CONTRACT: Your participation in our auction is your acknowledgment and acceptance of the terms and conditions presented here. Your failure to adhere to any of these terms and conditions may constitute a breach of contract and may cause irreparable harm to Auctioneer and/or our client. In this event, we and/or our client(s) may attempt to recover any financial or other damages by pursuing any action afforded by law. BUYER'S PREMIUM: There is a 10% Buyer's Premium for this auction. Example: For a high bid of $100,000, a 10% buyer's premium of $10,000 will be added making the purchase price $110,000. BUYER'S NOTE: This property is being sold "AS IS, WHERE IS" with no warranties expressed or implied. Buyers should carefully verify all items and make their own decision as to the accuracy thereof before relying on the same. Items may be added or deleted without notice. All items subject to prior sale. Online bid increments are at Auctioneer's discretion. All sales are final. CLOSING: Closing must occur at The Law Offices of Russell C. Petersen, 303 Jesse Jewell Parkway, SE, Suite 100, Gainesville, GA 30501. Purchaser responsible for closing attorney fees. Property to close within 30 days of contract acceptance.
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| Jun 21, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017