833 23rd Street
About This Property
Unlock the potential of 833 23rd Street in San Leon with this prime RV park opportunity. Strategically located, the expansive property offers scenic surroundings and a flexible layout for maximum occupancy. With the rising demand for RV parks, this space has the potential to become a lucrative investment, capitalizing on the growing popularity of RV travel. Seize the chance to transform 833 23rd Street into a cash-flowing venture in the heart of San Leon's flourishing community. Act now and be part of the economic growth in this prime location.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 11, 2024 | Sold | ||
| Sold | |||
| Feb 23, 2024 | In contract | - | |
| In contract | |||
| Feb 6, 2024 | Price Decreased |
$229,999
↓ $30K
(11.5%) | |
| Price Decreased | |||
| Jan 20, 2024 | Price Decreased |
$259,999
↓ $110K
(29.7%) | |
| Price Decreased | |||
| Dec 19, 2023 | Price Increased |
$369,999
↑ $140K
(60.9%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017