5259C S State Road
About This Property
Located in a great area but still close to all of the ammenities that urban life provides is where you'll find this FANTASTIC OPPORTUNITY to own 110 acres of PRIME whitetail, turkey, duck and geese habitat! Just minutes south of I-69 on M-15.
This property has so many possibilities from recreational to residential to commercial because of it's layout and loctaion.
Rolling hills of tillable farm ground lead back to a series of beautiful ponds, mature woods, food plots and thick bedding areas that will keep the mature wildlife in this area as they have everything they need right here.
There is a very nice trail system so that you can access the entire property from many different directions and that you can enjoy evening or morning walks or horseback rides.
There is far more here than I can explain so the best thing for you to do is to contact us to arrange a showing and let's get together and take a tour.
**POSSIBLE OWNER FINANCING AVAILABLE TO QUALIFIED BUYER**
**NOTE** There is also a very nice house and outbuilding with 5 acres can be purchased separately for $429,000 and 110 acres of Land can be purchased separately for $880,000. Pending township approval of a land division.
NOTE*** If you are viewing this listing on a third party website such as Zillow, Realtor, Trulia, etc. and you would like the information of the listing brokerage firm/agent/broker then please scroll down to find that information. Clicking on the "Find and Agent" will not take you to the listing agent or broker. It will merely connect you with an agent that has paid a fee to these sites to have you contact them and they have no information about these listings and have never seen the 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%.
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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.
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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 10, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2024 | In contract | - | |
| In contract | |||
| Nov 1, 2024 | Listed by Michigan Whitetail Properties | $880,000 | |
| Listed by Michigan Whitetail Properties | |||
| Aug 12, 2024 | Listed by Michigan Whitetail Properties | $429,000 | |
| Listed by Michigan Whitetail Properties | |||
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Nestled on a stunning 115 acre property is where you'll find this beautiful ranch style home.
This home offers the perfect blend of rural charm and modern upgrades.
With three bedrooms and two full baths within the nearly 1800 sq. ft. of living space on the main floor, and another 1300 sq ft of finished basement, it provides ample room for most families.
Relax in those early mornings or evenings on the gorgeous wrap around porch that overlooks the diverse terrain that includes farm ground, planted food plots, hardwoods, pines, conifers and switchgrass. A bonus feature is the 1 acre pond that is stocked with fish back amongst the rolling hills and scenic wetlands.
Recent upgrades to the house include a new roof in the fall of 2024 and fresh new flooring giving added appeal and value to the home.
There are numerous land division options available and the house can be purchased separately with variations of acreage ranging between 5 - 115 acres depending on a buyers wants and needs.
**ANY LAND DIVISION OF LESS THAN 40 ACRES WOULD BE SUBJECT TO TOWNSHIP APPROVAL**
Obvious commercial opportunity here as well as this property is located on M-15 only minutes south of I-69 and Davison.
There is far more here than anyone could or should try to include in a posting, so if this type of property is something that you may be interested in, please contact me so we can talk and possibly set an appointment to go see it one day soon.
**POSSIBLE OWNER FINANCING AVAILABLE TO QUALIIED BUYER**
**NOTE** House and outbuilding with 5 acres can be purchased separately for $429,000 and 110 acres of Land can be purchased separately for $880,000. Pending township approval of a land division.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017