4150 Highway 1
About This Property
This is a fantastic opportunity to transform a property with solid bones into something special. Situated on a large lot with no lot fees or community dues, this home already features some important upgrades:
Roof is just over 2 years old
New HVAC system and new electrical box.
New front door and some new windows
Second bathroom recently added
Septic tank professionally cleaned
While some renovations are still needed, the seller is including building materials-just bring your tools and creativity! Whether you're looking to fix and live, or renovate and resell for profit, this is a flexible investment.
Located on a private, peaceful one-way street, with deeded access through Spot Car Dealership, the setting truly feels like home.
Being sold AS IS - don't miss your chance to turn potential into payoff! Motivated seller looking at all reasonable offers.
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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 16, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Listed by RE/MAX Aerospace Realty | $140,000 | |
| Listed by RE/MAX Aerospace Realty | |||
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About Indian River Estates
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Last Updated: 2 years ago
Data Source: Space Coast MLS, MLS# 1047356
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Address: 335 Madison Avenue, New York, NY 10017