24
Map
404 GROVE STREET
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 |
|---|---|---|---|
| Sep 8, 2026 | Sold | ||
| Sold | |||
| Sep 1, 2026 | Listed by FLORIDA HOMES REALTY & MORTGAGE | $79,900 | |
| Listed by FLORIDA HOMES REALTY & MORTGAGE | |||
| Oct 25, 2025 | Listed by FLORIDA HOMES REALTY & MTG LLC | $79,900 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
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Rare Vacant Lot in the heart of Charming Historic Downtown Melrose Florida. With its cozy Small Town personality Melrose is peacefully inviting and a melting pot for all. Come and experience This lot is one of the last chances to own a piece of paradise. The lot is mostly cleared and has a updated SURVEY already done. All .44 acres are Hi & Dry, partially fenced and is adorned, Live Oaks, Bahia Brass and Florida Palm Trees. Positioned right in the Heart of Downtown Square your just blocks away from Nightly Live Music, Fresh Food Markets, Multiple Art Galleries, family friendly parks, World Class Restaurants and walking distance to OUR NEW 240 ACRE WILDFLOWERS MUSIC PARK!! The all Stunning Melrose Bay with public parks. The Bay is attached to Majestic Lake Sante Fe! 6,000 acres where you can enjoy Sunsets, Kayaking, fishing, wake surfing, tubing, skiing, and even Sailing. Melrose is only 20 minutes to Gainesville, 25 minutes to Palatka and 30 minutes to Ocala. Drive-''Buys''are welcome
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| Aug 13, 2021 | Sold | ||
| Sold | |||
| Aug 21, 2020 | Listed by FLORIDA HOMES REALTY & MORTGAGE | $44,000 | |
| Listed by FLORIDA HOMES REALTY & MORTGAGE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017