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529 Nettles Boulevard
About This Property
The lot comes fully equipped with electrical and water pedestals. Plus, enjoy the convenience of easy RV back-in access and private ocean beach privileges for tranquil days by the shore or kayaking adventures around the island's picturesque waterways.
Nettles Island has luxury amenities, including riverside and oceanside pools for refreshing dips, a convenient grocery store, a massage parlor, a beauty salon, and a waterfront restaurant with patio dining overlooking the private marina. The clubhouse provides access to a library, various clubs, and an extensive list of recreational activities.
Located on the coveted Hutchinson Island, Nettles Island offers the epitome of coastal living, where every day feels like a vacation.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| Feb 23, 2024 | Listed by Hutchinson Island Real Estate | $197,000 | |
| Listed by Hutchinson Island Real Estate | |||
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017