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3629 RIVA ROAD
About This Property
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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 5, 2024 | Sold | ||
| Sold | |||
| May 21, 2024 | In contract | - | |
| In contract | |||
| May 17, 2024 | Listed by RE/MAX Leading Edge | $999,999 | |
| Listed by RE/MAX Leading Edge | |||
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**OFFER DEADLINE: MONDAY 5/20 AT 4PM** Discover the potential within this pastoral and captivating property nestled on over 20 lush acres in sought-after Davidsonville! Incredible opportunity to create a turn-key equestrian operation in a prime location with the perfect blend of privacy and accessibility. The solidly built and charming 4 bedroom 3.5 bath rancher radiates potential with a warm and inviting floor plan that awaits your personal design touches. Approximately 8 of the 20+ acres is cleared and partially fenced. The existing 3 stall center aisle barn is solidly built offering run-in sheds on the front and back, a tack room/feed room, small hayloft and the convenience of electric/plumbing... ensuring your equine friends are well accommodated! While there is no further subdivision potential, the property should quality for the addition of a farm/tenant house per Article 18 of the AACo. code (buyer to verify). This estate not only offers a serene and private setting with abundant potential but also the convenience of being close to local amenities, shopping and dining. Whether you're looking to create a family homestead, a working farm, a turn key equestrian operation, a brewery or just a private retreat - 3629 Riva Road offers endless possibilities! Please Note: Buyer responsible for any applicable Ag transfer tax (buyer can sign declaration of intent to maintain Ag use at settlement). Property is being sold strictly as-is/where-is.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017