8656 Split Rail Drive
About This Property
The land is level with some marshy areas and is partially wooded with scattered pine trees. This is a perfect spot to build your cabin or park your RV for weekend getaways. Electric available on-site and municipal water is available. There are a couple of old campers on the property that are being sold as is.
This lot is located off from County Road 49 with the right to use the private drives with ingress to and egress from the premises. There is access from a private drive to the back of the property.
Located just a minutes drive to the Genesee River Access Park, perfect for dropping your kayak and floating down the river. This property is also under 5 miles to Rushford Lake Public Beach for swimming and fishing, and to Rush Creek State Forest which has over 1,400 acres for hunting and hiking.
This lot awaits its new owner!
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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 26, 2024 | Sold | ||
| Sold | |||
| Aug 6, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Listed by Landquest Inc. | $18,000 | |
| Listed by Landquest Inc. | |||
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This 1.52 acre building lot is located in Caneadea NY near Rushford Lake.
The land is level with some marshy areas and is partially wooded with scattered pine trees. This is a perfect spot to build your cabin or park your RV for weekend getaways. Electric available on-site and municipal water is available. There are a couple of old campers on the property that are being sold as is.
This lot is located off from County Road 49 with the right to use the private drives with ingress to and egress from the premises. There is access from a private drive to the back of the property.
Located just a minutes drive to the Genesee River Access Park, perfect for dropping your kayak and floating down the river. This property is also under 5 miles to Rushford Lake Public Beach for swimming and fishing, and to Rush Creek State Forest which has over 1,400 acres for hunting and hiking.
This lot awaits its new owner!
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| Sep 26, 1994 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017