3925 2 Mile 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 |
|---|---|---|---|
| May 11, 2023 | Sold | ||
| Sold | |||
| Mar 16, 2023 | Listed by Berkshire Hathaway HomeServices Michigan Real Estate | $109,900 | |
| Listed by Berkshire Hathaway HomeServices Michigan Real Estate | |||
| Nov 1, 2021 | Listed by Berkshire Hathaway HomeServices Michigan Real Estate | $114,000 | |
| Listed by Berkshire Hathaway HomeServices Michigan Real Estate | |||
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AMAZING PIECE OF PROPERTY especially for the price! Restore this piece of history. A lot of potential don't overlook this one!! Quiet and rural area with so much peacefulness check out this one of a kind 2 acre property with over 700' of water frontage on Sugar River!! With tons of wildlife, woods, and true peacefulness there is great fishing and hunting and you are tucked away at the very end of a dead end road. Also a great attraction for all the hunters and snowmobilers travelling to the area. There is so much history with this property. It goes right down to the River and runs all along it. It used to serve as an old Grist Mill and Historical building in Gladwin County and even has a Natural Spring running through it. This home needs renovating to be returned to its historic beauty but it is a rare incredible find. Inside the old Farmhouse are 4 spacious bedrooms upstairs, a very large main floor laundry room, kitchen with butcher block counters, and dining area off the living room. There is so much potential here but we are looking for the right new owners to take on this project. Seller has never lived in the home but it has been in the family for many decades. So step on up CASH ONLY QUALIFIED buyers to make this property into what you have always wanted. To own this rare find call Noelle Pelton 269-579-2319
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017