416 Bragg Street
About This Property
Conveniently located just blocks away from the vibrant downtown center, this corner lot offers the perfect urban convenience. Mature trees dot the landscape, providing shade and a sense of natural beauty to the surroundings.
For nature enthusiasts, Sorrell Park is just a block away, offering green spaces and recreational amenities for all to enjoy. Additionally, the proximity to Walnut Creek Wetland Nature Center provides access to scenic walking trails and outdoor adventures.
Public transportation options are easily accessible, adding to the convenience of this location. Plus, the seller has already had plans drawn up for building on the lot, providing you with a valuable resource to kickstart your construction process if you choose, or you can bring your own builder!
Don't miss out on this incredible opportunity to make your mark in Downtown Raleigh. Whether you're envisioning your dream home or seeking a savvy investment opportunity, this vacant lot offers endless possibilities. Seize the chance to turn your vision into reality today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017