16
Map
67 Franklin Way
About This Property
3 parcels sold collectively. Parcel Id's are 031A060C, 031A060, and 031A056.
Whether you choose to combine the three buildable parcels into one expansive 12.18 acre property, keep them as three individual parcels, or subdivide further, you have multiple potential possibilities.
519 feet of road frontage with two accesses. 100' being at the end of the private cul de sac on Franklin way, the other 419' being the frontage along Nails creek crossing.
A large invested was made to this property in the last year consisting of clearing, performing drainage work, Rip Rap instillation, gravel driveway instillation, compaction, a Privacy Gate, and a Retention ponds.
The Gate and Gravel driveway have been installed at the frontage at the end of Franklin way Cul de sac..
Approximately 10 of the 12.18 Acres have been cleared, stumped, and leveled.
Build your dream home, speculative homes, install mobile homes, or manufactured homes!
This property has no HOA or CC&R's. Governed by Franklin county restrictions.
18 minutes to Commerce.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017