417 SMITH STREET
About This Property
Per the City of Millville, 327-329 S 5th St and 317-319 E Vine St are buildable lots. The remaining parcels would need variance approval due to undersized lot sizes for potential building eligibility.
Broker and Seller assume no responsibility and make no guarantees, warranties or representations, both expressed or implied, as to the availability or accuracy of the property information, dimensions or other information depicted or described herein. Buyer is responsible for completing their own due diligence and verifying all information necessary. Buyer is encouraged to contact the City of Millville Zoning Department to verify the full potential here. Contact us today to make these parcels yours!
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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 |
|---|---|---|---|
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Jan 17, 2024 | In contract | - | |
| In contract | |||
| Dec 30, 2023 | Listed by EXP Realty, LLC | $17,000 | |
| Listed by EXP Realty, LLC | |||
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The following parcels are currently available for purchase: 417 Smith St for $17,000; 302-304 S 3rd St for $16,000, 327-329 S 5th St for $14,000; 317 E Vine St for $9,000; 319 E Vine St for $9,000, and 23 E McNeal St for $8,000.
Per the City of Millville, 327-329 S 5th St and 317-319 E Vine St are buildable lots. The remaining parcels would need variance approval due to undersized lot sizes for potential building eligibility.
Broker and Seller assume no responsibility and make no guarantees, warranties or representations, both expressed or implied, as to the availability or accuracy of the property information, dimensions or other information depicted or described herein. Buyer is responsible for completing their own due diligence and verifying all information necessary. Buyer is encouraged to contact the City of Millville Zoning Department to verify the full potential here. Contact us today to make these parcels yours!
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| May 9, 2014 | Sold | ||
| Sold | |||
| Oct 22, 2013 | Listed by Global Elite Realty | $7,800 | |
| Listed by Global Elite Realty | |||
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HUD Case Number: 351-233050. Property sold in AS IS condition. Property is eligible for FHA Financing: UI (UnInsured); 203K eligible; Potential Buyer must put 50% down. This is vacant land only.Equal Housing Opportunity. Information from sources deemed reliable but not guaranteed. Buyer to verify all information before bidding. An effort has been made to disclose all known information relative to taxes, utilities, and special assessments. It is recommended that the buyer or buyer's agent perform due diligence on behalf of the buyer to confirm all charges for taxes, utilities, and special assessments, as HUD will only pay the charges from the time of acquisition until closing, regardless of the type of charge. Contact the township to find out more information regarding building on the lot and water/sewer access. Information from sources deemed reliable but not guaranteed.
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About Millville
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Address: 335 Madison Avenue, New York, NY 10017