704 SE monterey Road
About This Property
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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 |
|---|---|---|---|
| Nov 7, 2026 | Listed by SMJ & J Property Holdings LLC | $900,000 | |
| Listed by SMJ & J Property Holdings LLC | |||
| May 14, 2024 | No longer available | - | |
| No longer available | |||
| Feb 22, 2023 | Listed by Disney Real Estate Services | $425,000 | |
| Listed by Disney Real Estate Services | |||
| | |||
|
THIS BACK VACANT LOT IS BEING SOLD WITH THE VACANT LOT (CADDIE CORNER) IN THE FRONT (LEGAL DESC:BEG ON MONTEREY RD 2160.97' W & 33' S OF NE SEC COR S 100 W 75' N 100' & E 75' TO BEG)(PID#: 16-38-41-000-000-00100-9) AND BOTH ARE CURRENTLY ZONED RESIDENTAIL MULTI-FAMILY BUT CAN BE RE-ZONED FOR COMMERCIAL USE VERY EASILY. BOTH LOTS ARE .1722 ACRES EACH. THIS IS AN AMAZING LOCATION TO OPEN UP A MULTITUDE OF BUSINESSES. THE OPPORTUNITIES ARE ENDLESS!!!
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| Sep 23, 2021 | No longer available | - | |
| No longer available | |||
| Jul 25, 2021 | Price Increased |
$450,000
↑ $25K
(5.9%) | |
| Price Increased | |||
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About Stuart
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017