517 ORANGE STREET
About This Property
Discover the possibilities with these four potentially buildable vacant lots, offered together as one package! Each lot is approximately 10,000 square feet and has its own individual parcel number, providing a combined total of approximately 40,000 square feet. Whether you're looking to build your dream home, invest in land, or create your own private retreat, this property offers plenty of space, flexibility, and potential. Don't miss this opportunity to own four lots with endless possibilities!
Located just minutes from a public boat ramp, the St. Johns River, and Lake George, the property provides convenient access to boating, fishing, and outdoor recreation. City water is available, and septic systems will be required. Buyer to complete all due diligence regarding zoning, buildability, parcel boundaries, access, utilities, septic feasibility, permitted uses, restrictions, and applicable
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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 15, 2026 | Listed by MOMENTUM REALTY | $129,900 | |
| Listed by MOMENTUM REALTY | |||
| May 18, 2022 | Sold | ||
| Sold | |||
| Apr 25, 2022 | Listed by MOMENTUM REALTY | $19,900 | |
| Listed by MOMENTUM REALTY | |||
| Aug 13, 2018 | Sold | ||
| Sold | |||
| Jun 15, 2018 | Listed by ROLAND PACETTI REALTY, INC | $29,900 | |
| Listed by ROLAND PACETTI REALTY, INC | |||
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Great one acre homesite or investment property located in the City of Welaka with water and sewer available. Property has been cleared, approved and surveyed for four smaller lots (.23 of an acre). Survey on file. This property is only blocks from the St Johns River and public boat ramp. Property is fenced with well and power pole. Selling all four lots together, totaling one acre.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017