403 Crane Road
About This Property
Welcome to Crane Road, a unique opportunity to own a distinguished 11.9-acre farmette in the heart of Mark Twain Country-near the famed Quarry Farm. Located in Horseheads, this hilltop retreat offers privacy, panoramic views, and unmatched convenience. You're minutes from shopping, schools, the County Fairgrounds, major highways, and the airport-all while enjoying the serenity of country living near the gateway to the Finger Lakes Region.
The property features approximately 10 acres of meticulously maintained premium pasture-fully fenced with high-tensile smooth wire and three gated access points. Zoned AG and offering excellent drainage, the land is ideal for equestrian or agricultural pursuits. A small 3-stall barn with water and electric service, a detached 3-car garage with hay storage, and a circular driveway perfect for horse trailer access complete the functional outdoor amenities.
Enjoy your own homestead touches with a mature blueberry patch and space for abundant gardening. High-speed internet is available, and the gas lease rights are surrendered for peace of mind.
Step inside this modern farmhouse to find a luxurious primary suite with cathedral ceilings, floor-to-ceiling windows, a stone gas fireplace, two walk-in closets, dual vanities, and a jacuzzi tub. The newly renovated kitchen boasts top-of-the-line countertops and stainless-steel appliances which sits adjacent to the formal dining room. Relax in the cozy den with a second gas fireplace and views of the private backyard and deck. Tucked away in the front of the house is a cozy living room adjacent to a home office with built-ins. A second primary bedroom plus two additional generously sized bedrooms provide flexible living space for family or guests.
Don't miss your chance to own this stunning, one-of-a-kind property-rich in character, beauty, and history.
Pre-inspection report available to interested, qualified buyers.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017