5137 Strickland 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 |
|---|---|---|---|
| Sep 19, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by RE/MAX Tru | $745,000 | |
| Listed by RE/MAX Tru | |||
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Exceptional opportunity to own a private North Georgia family compound featuring two adjoining properties totaling approximately 22 beautiful acres in the desirable Chestnut Mtn area of Hall County. Whether you are searching for a homestead, equestrian property, multi-generational living setup, or investment opportunity with room to grow, this unique offering delivers endless potential. 5137 Strickland Rd is offered at $745,000. featuring a charming 2-bedroom, 2-bathroom home situated on approximately 17 scenic acres. Surrounded by peaceful countryside, mature trees, and open usable land, this property provides the perfect setting for farming, gardening, recreation, or creating your dream private retreat. Being sold together with the adjoining 5141 Strickland Rd. 5141 Strickland Rd, offered at $645,000.00 a spacious 5 bedroom, 3.5-bathroom home offering almost 4000 square feet of renovation potential on approximately 5 acres. With an in-law area in the basement, a large footprint, and a flexible layout, this property is ready to be transformed into the ultimate custom estate, family compound, or income-producing opportunity. The existing barn and open acreage make this an ideal setup for horses, hobby farming, or equestrian use, while the property's layout offers excellent potential for an ADU, guest house, or additional living quarters. This rare combination of acreage, privacy, and versatility creates the perfect opportunity for: Homesteading, multi-generational living, equestrian or mini-farm use, Family compound living. Investment. ** Property Highlights ** 22 total acres across two adjoining parcels ** 2BR/2BA home on 17 acres ** 5BR/3.5BA home with finished basement on 5 acres. ** Excisting Barn ** Potential for ADU or additional living space ** Peaceful North Hall setting with convenient access to Gainesville, Lake Lanier, Shopping and great schools. Properties with this much land, flexibility, and long-term potential rarely become available. Bring your vision and create the North Georgia estate you've been dreaming of!
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| May 6, 2024 | Listed by Re/Max Tru, Inc. | $745,000 | |
| Listed by Re/Max Tru, Inc. | |||
| Oct 4, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017