3831 Sunrise Drive
About This Property
Discover the potential of this expansive 10.7 approx. acre parcel, nestled between the vibrant and growing communities of Concord and Kannapolis, North Carolina. Very close to shopping, downtown, interstate, highways and schools. This piece of land offers an awesome location for you to build your private estate. Well is in place however, Buyer will need to test it to make sure it fits Buyers needs. The property is approximately 4 miles away from the nearest Walmart and 6 miles away from the nearest Food Lion.
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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 |
|---|---|---|---|
| Nov 1, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 12, 2024 | Price Decreased |
$200,000
↓ $10K
(4.8%) | |
| Price Decreased | |||
| May 17, 2024 | Listed by Coldwell Banker- CK Select | $210,000 | |
| Listed by Coldwell Banker- CK Select | |||
| Aug 26, 2023 | No longer available | - | |
| No longer available | |||
| Aug 15, 2023 | Price Decreased |
$220,000
↓ $80K
(26.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017