26
Map
730 S Cherry Lane
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 13, 2025 | Listed by AmeriPlex Realty, Inc. | $450,000 | |
| Listed by AmeriPlex Realty, Inc. | |||
| Dec 22, 2023 | Sold | ||
| Sold | |||
| Nov 19, 2022 | Listed by AmeriPlex Realty, Inc. | $565,000 | |
| Listed by AmeriPlex Realty, Inc. | |||
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Approx 3.089 flat acres available for development in fast growing area. No flood plain.Located minutes from Lockheed Martin I-30 & 820.Conveniently located & quick access to all major freeways,downtown Fort Worth,shopping,schools & restaurants.Seller has the following available to new buyer:completed Phase 1,Topo,Survey,non-approved plat for single family homes,construction plans to develop 15 lots for single family homes,PD Narrative & SWPP plan.Current owner planned on developing the land for 15 residential homesites,but another opportunity came along so seller decided to work on new opportunity & sell this land with all the above mentioned documents.This property used to have a 90 unit apartment complex on it years ago.There is currently water & sewer on the land.The city of White Settlement would like to see either new houses on this land or a commercial mix use of multi-level retail with residential living on top. The land neighbors houses,commercial & elementary school.
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| Jun 30, 2022 | Sold | ||
| Sold | |||
| Oct 23, 2018 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017