4480 Alec Mtn Road
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 |
|---|---|---|---|
| Nov 22, 2022 | Sold | ||
| Sold | |||
| Jun 6, 2022 | Listed by BHHS Georgia Properties | $199,000 | |
| Listed by BHHS Georgia Properties | |||
| Nov 17, 2021 | Sold | ||
| Sold | |||
| Sep 21, 2021 | Listed by Berkshire Hathaway HomeServices Georgia Properties | $164,900 | |
| Listed by Berkshire Hathaway HomeServices Georgia Properties | |||
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Get a jump start on building your Mountain View Dream Home! This 13.40 acres mountainside Super Estate Lot features Long Mountian Views and has site work completed, a new 6+ gallon/ minute well, a septic system approved and permitted, a new gravel drive and site work completed for walk-out basement construction. Over $50K invested in improvements since initial sale with receipts available. Improvements allow for a building time line savings of 3+ months! The super estate lot is located in the new Alec Mountain Community and is found atop a ridge running between Alec Mountain and Yellowbank Mountain. The community features a automatic security gate at the community entrance, elevations over 1750ft, large estate lots (10-17+ acres), extraordinary mountain views, underground utilities, and uncommon privacy and tranquility. Enjoy stargazing, the awe of distant thunderstorms, the beauty of the wooded mountainscape and abundant wildlife. Feels miles away yet convenient to Clarkesville, Helen, Cornelia and Cleveland. Perfect for a mountain retreat or full-time living.
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| Aug 24, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017