6550 ALVIN Road
About This Property
House on .97acre in the desirable Bent Creek area and already approved for 7 RDL-60, new owners to submit to the city the plat maps & all required docs to complete process of subdivison. Think of the possibilities! This land can be subdivided for your family, registered and sold as 7 properties, or you could live in the current house and take your time building your dream house plus have the largest yard on the block! Current house is a double wide prefab which was renovated 2 years ago, with beautiful floors and walls, two living rooms, large dining room, 4 bedrooms, 3 full baths, and one is a beautiful large master with a huge bathroom and walk-in closet, plus a large fenced-in yard.
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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 |
|---|---|---|---|
| Feb 9, 2022 | Sold | ||
| Sold | |||
| Nov 23, 2021 | Listed by CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST | $175,000 | |
| Listed by CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST | |||
| May 20, 2019 | Sold | ||
| Sold | |||
| May 26, 2018 | Listed by CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST | $85,000 | |
| Listed by CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST | |||
| Jun 5, 2017 | Sold | ||
| Sold | |||
Property Highlights
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017