26
Map
406 Second St
About This Property
The existing home will require significant repairs and updating, making this an ideal opportunity for buyers focused on land value and future possibilities. Buyer to verify all zoning, subdivision, redevelopment, well, septic, utility, and building opportunities. Due to the age of the property, limited information is available regarding the well and septic systems.
Located in unincorporated Weld County near the highly anticipated Rodeo Dunes golf resort development, a nationally recognized destination golf project expected to bring substantial investment and growth to the area. Whether you're looking to restore, rebuild, or explore future development possibilities, this property offers exceptional upside in an evolving market.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 22, 2026 | Sold | ||
| Sold | |||
| Jul 13, 2026 | In contract | - | |
| In contract | |||
| Jun 20, 2026 | Listed | $125,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017