716 Edison Avenue
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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 18, 2024 | Sold | ||
| Sold | |||
| Nov 13, 2024 | In contract | - | |
| In contract | |||
| Oct 20, 2024 | Listed by Staton Properties, LLC | $89,450 | |
| Listed by Staton Properties, LLC | |||
| | |||
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Doesn’t get better than this!!! Very rare 1 acre high and dry lot in the popular west area of Lehigh Acres. Plenty of options with this property, you can split this into (2) 1/2 acre lots and build a couple of homes… Build on 1 and save the other for investment… Or you can build in the middle and enjoy the large lot with added privacy! The property is on a dead end road and has beautiful homes up and down the street. Location is unbeatable, Williams Ave/ Richmond and Lee Blvd are just minutes away. You can enjoy many activities within a short drive such as… Shopping, JetBlue Stadium (Home of the Red Sox spring training), Hammond Stadium (Home of the Twins spring training) and Fort Myers Beach. Also for added convenience, Southwest International Airport is quick drive away, Don’t miss out!
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| Jul 16, 2024 | Sold | ||
| Sold | |||
| Jun 28, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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About Richmond
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Currently no similar homes aroundNearby Rentals
$2,400 /mo
- 4 Beds
- 2 Baths
- 1,815 ft²
$2,400 /mo
- 4 Beds
- 2 Baths
- 1,815 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017