$35,000
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Land -
Off Market
5462 River Road
Hope Mills, NC 28348
Studio
0 Bath
$52,002
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
Beautiful Park like rural land right in the middle of Downtown Hope
Mills with paved road access along River Road, Cameron Road and
Legion Road. This land is heavily wooded and slopes along the River
Bank.The total parcel contains 4.54 Acres and out of the total
parcel Approximately .60 Acre will be less and excepted from the
legal description when property transfers to new owner.
Unit Size
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Days on Market
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Land Size
4.27 acres
Price per sqft
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Property Type
Land
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #LP650318)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2023 | No longer available | - | |
| No longer available | |||
| Jun 1, 2023 | Listed | $175,000 | |
| Listed | |||
| | |||
|
Location, Location, Location... A rare 4 acres of land filled with beautiful Pine Trees in downtown Hope Mills is being offered for sale. This beautiful Park-like rural land has paved road access along River Road, Pinecrest Drive, Cameron Road, and Legion Road. It is close to utility, water, and sewer lines. New high speed cable lines were just installed in the ground along Legion Road. This land is heavily wooded and slopes along the River Bank. Walking distance to Hope Mills Lake which is an 80-acre lake perfect for swimming, fishing, and recreational boating. It is also walking distance to the highly anticipated future brand new “Heritage” Park featuring 7.5 acres of activities for the whole family to enjoy. This property is easily accessible to everything. 11 minute drive to Fayetteville Regional Airport, 5 minute drive to shopping centers, 5 minute drive to Interstate 95 (I-95) North and South. This is your chance to build and live in the most desirable part of downtown.
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| Sep 12, 2022 | Sold | ||
| Sold | |||
| Feb 17, 2021 | Listed by NEXTHOME INTEGRITY FIRST | $50,000 | |
| Listed by NEXTHOME INTEGRITY FIRST | |||
| | |||
|
Beautiful Park like rural land right in the middle of Downtown Hope Mills with paved road access along River Road, Cameron Road and Legion Road. This land is heavily wooded and slopes along the River Bank.The total parcel contains 4.54 Acres and out of the total parcel Approximately .60 Acre will be less and excepted from the legal description when property transfers to new owner.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: JENNIFER MOORE, NEXTHOME INTEGRITY FIRST
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP650318
Last Updated: 2 years ago
Data Source: TMLS, MLS# LP650318
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