47 N 5TH STREET
About This Property
Located very close of downtown Macclenny's restaurants and shops, this 3-bedroom, 2-bath home offers a unique opportunity for investors and builders. The property has sustained fire damage; however, the structure remains sound. The current owners have completed all necessary due diligence, including inspections and permit applications with both the city and county. A permit is currently being processed with the county, and the sale includes architectural blueprints for the property's rehabilitation. Please note that the City of Macclenny requires the existing structure to be rehabilitated as a single-family residence; demolition and new construction are not permitted. Buyers are responsible for conducting their due diligence.
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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 |
|---|---|---|---|
| Aug 8, 2025 | Listed by TRUSTHOME PROPERTIES INC | $69,900 | |
| Listed by TRUSTHOME PROPERTIES INC | |||
| Aug 16, 2023 | Sold | ||
| Sold | |||
| May 4, 2023 | Listed by TRUSTHOME PROPERTIES INC | $39,900 | |
| Listed by TRUSTHOME PROPERTIES INC | |||
| Dec 12, 2022 | Sold | ||
| Sold | |||
| Nov 8, 2022 | Listed by TRUSTHOME PROPERTIES INC | $44,000 | |
| Listed by TRUSTHOME PROPERTIES INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017