8251 Morgan County Hwy
About This Property
Upon entering, one of the first things that grabs your attention is the beautiful stonework and large stone gas fireplace that gives the main living area so much character. The spacious open living area offers plenty of room for family gatherings and entertaining. The kitchen features an abundance of wood cabinetry, stainless appliances, plenty of counter space with granite, and an island/bar area with additional seating. The adjoining dining area keeps everything open and connected.
The primary bedroom offers plenty of space along with a primary bath featuring a jetted tub and separate shower. Two additional bedrooms and multiple bathrooms provide plenty of flexibility for family and guests.
Downstairs you will find a HUGE open basement area with room for a second family room, game room, hobby space, entertaining area or whatever fits your needs. There is no shortage of storage or usable space in this home!
Outside is where this property really separates itself from the rest! In addition to the attached garage, there is a detached 4-car garage, large workshop areas and additional covered/storage buildings. Whether you need room for vehicles, equipment, woodworking, projects, ATVs, boats or simply want a place to work and store your toys, you will appreciate the amount of space this property offers. There is also plenty of paved parking and driveway space.
Enjoy approximately 4 acres with mature trees, established lawn and plenty of room between you and the neighbors. The home also offers outdoor living space including a covered porch, enclosed/screened area and a private fenced patio/yard area.
This property is much more than a 3-bedroom home--it offers the kind of garage, workshop, basement and outdoor space that is getting harder to find. If you need room for your hobbies, vehicles, projects and everyday living, COME TAKE A LOOK!
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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 |
|---|---|---|---|
| Sep 30, 2026 | Listed by Realty Executives Associates on the Square | $474,900 | |
| Listed by Realty Executives Associates on the Square | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017