424 County Road 418b
About This Property
1 Bedroom, 1 full bath, Barn-Dominium with approximately 800 sq. ft. with an attached 400 sq. ft. shop. 2 car detached carport on approximately 6.18 acres. Open floor plan, all steel, metal construction, about one year old. Has split air conditioning and heat system, refrigerator, cookstove, lots of kitchen cabinets and counter space. Wheelchair assessable. Attached shop has blown on insulation with electricity, 14' roll up door, washer and dryer hook ups. Water well was drilled approximately one year ago with pump that furnishes the home, but Upper Leon community water is available. Scattered Beautifull large oaks, mesquites, 1 large pecan tree. Truly, lots of shade. The property was heavy fertilized last spring.
This is the place where you can enjoy peace and quiet, looking at the stars, watching the sunset along with the deer, turkey and wildlife.
Come see it. I think you will love it. $225,000.00
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 28, 2023 | Sold | ||
| Sold | |||
| May 18, 2023 | Listed by FIVE OAKS REAL ESTATE | $225,000 | |
| Listed by FIVE OAKS REAL ESTATE | |||
| Oct 7, 2022 | No longer available | - | |
| No longer available | |||
| Sep 27, 2022 | Listed by FIVE OAKS REAL ESTATE | $250,000 | |
| Listed by FIVE OAKS REAL ESTATE | |||
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BARNDOMINIUMSeller to finish installing kitchen cabinets, butcher block counter tops and appliances or buyer can install choose to install them. All steel and metal construction sits on 6.18 acres. Most of the perimeter fences are in good condition. 1 bedroom, 1 full bath, split cooling and heating unit. Concrete floors to be finished to your needs. Approximately 1000 sq. ft. in living area, 200 sq. ft. in attached shop with washer and dryer hookups. Shop has blown on insulation with large ceiling fan, lots of plugs. 12' roll up shop door. Large oaks, and mesquite trees, 1 Pecan tree. New water well (120' deep, 86' to water, three quarter HP pump). New septic system. 2 vehicle detached carport. Also, the turkey feeder will convey. Close to Lake Proctor. This property is somewhat secluded!! $250,000.00 Selling only for health reasons. The manager has listed the unit size as 1200 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017