$364,000
●
Land -
Off Market
418 PLEASANT MILLS RD
HAMMONTON, NJ 08037
Studio
2 Baths
1,864 Ft²
$389,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
Immerse yourself in the beauty of this tranquil property spanning
over 12 acres, with a stream flowing through its
backyard.
Nearly 5 acres of blueberry fields, showcasing a delightful array of heirloom blueberry varieties.
Nestled within its embrace is fully rented Duplex, adorned with a brand-new roof. The first floor features a comfortable 2-bedroom unit, while the second floor offers a cozy 1-bedroom unit. Both units are currently occupied with month-to-month leases, providing an outstanding investment opportunity for immediate rental income.
Beyond the blueberry fields and the duplex, the possibilities for this property are boundless. You can choose to expand the existing farming operations, cultivating even more land or exploring the potential for animal husbandry. With its fertile soil and ample acreage, this property presents a versatile canvas for your agricultural aspirations. Whether you're drawn to the serenity of rural living or seeking an opportunity to cultivate the land, this property is sure to captivate your heart and ignite your imagination.
Nearly 5 acres of blueberry fields, showcasing a delightful array of heirloom blueberry varieties.
Nestled within its embrace is fully rented Duplex, adorned with a brand-new roof. The first floor features a comfortable 2-bedroom unit, while the second floor offers a cozy 1-bedroom unit. Both units are currently occupied with month-to-month leases, providing an outstanding investment opportunity for immediate rental income.
Beyond the blueberry fields and the duplex, the possibilities for this property are boundless. You can choose to expand the existing farming operations, cultivating even more land or exploring the potential for animal husbandry. With its fertile soil and ample acreage, this property presents a versatile canvas for your agricultural aspirations. Whether you're drawn to the serenity of rural living or seeking an opportunity to cultivate the land, this property is sure to captivate your heart and ignite your imagination.
Unit Size
1,864 Ft²
Days on Market
-
Land Size
12.03 acres
Price per sqft
$209
Property Type
Land
Property Taxes
$527
HOA Dues
-
Year Built
1935
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #NJAC2009128)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 17, 2023 | Sold | ||
| Sold | |||
| Oct 28, 2023 | In contract | - | |
| In contract | |||
| Sep 19, 2023 | In contract | - | |
| In contract | |||
| Aug 11, 2023 | No longer available | - | |
| No longer available | |||
| Jul 26, 2023 | Listed by RE/MAX Of Cherry Hill | $389,000 | |
| Listed by RE/MAX Of Cherry Hill | |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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HOA + Taxes
About Hammonton
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Listed by: Constance Curci
RE/MAX Of Cherry Hill
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJAC2009128
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RE/MAX Of Cherry Hill
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJAC2009128
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