651 High Low DR
About This Property
A standout feature is the impressive 30' x 36' insulated workshop, complete with an office and space to add a restroom-perfect for a home-based business, hobbyist, or extra storage. An additional 14' x 20' storage shed provides even more room for equipment and tools.
Major improvements include a roof replaced in February 2022, HVAC replaced in March 2017, a new well pressure tank installed in 2026, and a pool pump replaced approximately three years ago. The home also includes a leased water softener.
Located at the back of the property is a 1988, 16' x 80' mobile home with its own electric service and septic system. While the existing mobile home needs significant renovation, all utilities are already in place, making it easy for the next owner to renovate, replace it with a new manufactured home, or create the perfect guest house or income-producing property.
The spacious backyard deck is wired for a future hot tub and offers a great foundation for creating an incredible outdoor entertaining space. The deck is in need of repair and is ready for the next owner to restore or redesign to suit their vision.
Whether you're looking for room to spread out, operate a home business, enjoy country living, or create your own private retreat, this one-of-a-kind property offers exceptional flexibility and outstanding potential on approximately 1.8 acres.
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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 |
|---|---|---|---|
| Sep 13, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Price Decreased |
$559,900
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Jul 18, 2026 | Listed by Century 21 Stribling Properties | $569,900 | |
| Listed by Century 21 Stribling Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017