85240 MEGAN Street
About This Property
Don't miss this rare chance to own just over an acre on a paved road in desirable Nassau County, near a growing new construction community. Located in an established residential area, this property is ideal for investors, builders, or anyone seeking a value-add opportunity.
Existing well and septic system on site, saving thousands in infrastructure costs. A mobile home is present but in poor condition and not considered rehab-worthy.
The property is in foreclosure. There may be a subject-to opportunity for investors. The existing mortgage is around $62K, with a 7-8% interest rate, plus attorney/court costs. The list price reflects mainly land value and covers fees and related expenses.
With Yulee's continued growth and strong demand in Nassau County, this is perfect for land banking, buy-and-hold, or a future flip.
Buyer to verify all details. Call for a no-pressure consultation. Drive-by only.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Aug 26, 2025 | Sold | ||
| Sold | |||
| Aug 5, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Listed by COOL REALTY LLC | $90,000 | |
| Listed by COOL REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017