$312,000
●
Land -
Off Market
81 ISLAND RD
UPPER PITTSGROVE TWP, NJ 08343
Studio
3 Baths
2,700 Ft²
$476,563
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
Opportunity knocks! Corporate owned farmstead. 4.92 acres.
Large farm style 2 story home with huge rancher addition. Two homes
in one! Needs TLC. Seller will provide Well and Septic cert.
Management is finished with the new carpets and painting.
New Septic system is going in now. In-Law suite if you need
it. Stalls for horses, 4 Huge Corrals, 34x24 , out buildings
with 10' garage doors. Insulated for cold storage or climate
control. 8x10 walk in freezer box. Seller just installed
Propane Gas Hot Air Heat and a brand new Septic System. Don't let
this pass you by! Take a tour today!
Unit Size
2,700 Ft²
Days on Market
-
Land Size
4.92 acres
Price per sqft
$126
Property Type
Land
Property Taxes
$807
HOA Dues
-
Year Built
1990
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 years ago (Bright MLS #NJSA108130)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2020 | Sold | ||
| Sold | |||
| Nov 26, 2018 | Listed by Capp Realty | $339,900 | |
| Listed by Capp Realty | |||
| Jul 10, 2018 | Listed by Capp Realty | $339,900 | |
| Listed by Capp Realty | |||
| | |||
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Opportunity knocks! Corporate owned farmstead. 4.92 acres. Large farm style 2 story home with huge rancher addition. Two new homes in one! Seller will provide Well and Septic cert. Unique floor plan. In-law suite if you need it. Stalls for horses (4) Huge Corral, 34x24, Out Building with 10' garage doors. An insulated for cold storage or climate control. 8x10 walk in freezer box. Seller just installed Propane Gas Hot Air Heat and a brand new Septic System. Schedule your tour today!
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Peter Zams
Capp Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJSA108130
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Capp Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJSA108130
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