534 LANCASTER Street
About This Property
Property includes a 2/1 apartment over a 4 car garage,sq.ft.680. Home has 2660 sq ft and some upgrades. Only AS IS contracts will be accept by the bank. MAJOR REPAIRS (structural). Mortgage loans will not be accepted. CRO zoning but buyer should verify for zoning and sq.ft.(used tax records), Please check private remarks Bank selling (AS IS)
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2018 | Sold | ||
| Sold | |||
| May 31, 2018 | Listed by HETH REALTY, INC. | $510,000 | |
| Listed by HETH REALTY, INC. | |||
| Jan 21, 2017 | Listed by BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY | $545,000 | |
| Listed by BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY | |||
| | |||
|
PRICE REDUCED AND IN PRIME LOCATION !!!
Interior recently repainted. Historic home conveniently located within walking distance to everything in the Riverside area of Jacksonville! Home with river views is in great shape & move-in ready. Detached 4-car garage & income producing 2 bed/1 bath apartment. Large wraparound porch & pavered outdoor area great for entertaining! Huge kitchen with granite & newer appliances. Owners' suite has a fireplace, walk-in closet & sitting area, which has views of the St. Johns River. Tall ceiling, original hardwood floors & tons of character throughout! Office downstairs could be used as 4th bedroom. This is a rare gem in this historic area! Home is zoned CRO for commercial, residential or office space. Home now is priced $50,000 below recent appraisal.
| |||
| Dec 21, 2012 | Sold | ||
| Sold | |||
| Feb 1, 2012 | Listed by HETH REALTY, INC. | $250,000 | |
| Listed by HETH REALTY, INC. | |||
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About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017