717 E Meyer
About This Property
There are 2 lots together with this 713 W. Meyer (.61 acre) conjoined, current surveys are available, partially cleared with mature trees, fenced in metal shop building still stands that can be cleared and re-developed. The property is on a large frontage near Toddville Road and backs up to a park. Utilities are present where one house was standing, and now cleared. This can be developed into a small community of homes with larger lot, or even a private area for families to build their dream home. Minutes from Kemah Boardwalk, several small businesses, shopping and restaurants. Please call Maria Finger for a private showing.
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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 |
|---|---|---|---|
| Aug 18, 2021 | Sold | ||
| Sold | |||
| Jun 28, 2021 | Listed by eXp Realty, LLC | $415,000 | |
| Listed by eXp Realty, LLC | |||
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LOCATION, LOCATION, LOCATION on this only unique property in the heart of Seabrook's newer development area!
There are 2 lots together with this 713 W. Meyer (.61 acre) conjoined, current surveys are available, partially cleared with mature trees, fenced in metal shop building still stands that can be cleared and re-developed. The property is on a large frontage near Toddville Road and backs up to a park. Utilities are present where one house was standing, and now cleared. This can be developed into a small community of homes with larger lot, or even a private area for families to build their dream home. Minutes from Kemah Boardwalk, several small businesses, shopping and restaurants. Please call Maria Finger for a private showing.
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About Seabrook
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Last Updated: 5 months ago
Data Source: HAR , MLS# 86120950
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Address: 335 Madison Avenue, New York, NY 10017