4190 Cedar Ridge Trail
About This Property
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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 |
|---|---|---|---|
| Oct 30, 2023 | No longer available | - | |
| No longer available | |||
| Aug 22, 2023 | Sold | ||
| Sold | |||
| Jun 10, 2023 | In contract | - | |
| In contract | |||
| Jun 1, 2023 | Listed by Atlanta Fine Homes Sotheby's International Realty | $850,000 | |
| Listed by Atlanta Fine Homes Sotheby's International Realty | |||
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Great opportunity in Dekalb County with more than 18 acres of land available in Stone Mountain. The fact that the property is not landlocked and accessible from a main road is definitely a plus. The residential zoning and availability of public water make it suitable for development.
The inclusion of a building in the sale, along with approximately 4 acres of cleared land, provides a head start for any potential development project. The property's location near Snapfinger Creek, in a residential area with nearby homes and an elementary school, adds to its appeal.
Since the property is back on the market due to no fault of the seller, it may present a unique opportunity for investors and developers. If you're interested, you can check out the video link provided to get a better sense of the property and its potential. Lease/Purchase Available. The manager has listed the unit size as 10000 square feet.
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| Aug 31, 2022 | Listed by Atl.Fine Homes Sotheby's Int. | $850,000 | |
| Listed by Atl.Fine Homes Sotheby's Int. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017