874 Blue Mountain Rd
About This Property
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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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 25, 2024 | In contract | - | |
| In contract | |||
| May 31, 2023 | Listed by WK Real Estate | $1,200,000 | |
| Listed by WK Real Estate | |||
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This is a special property the land, location and Barn make this a must see. Seller will look at all reasonable offers and interest rate buy downs for this fantastic horse property as the house needs attention or live in it while you build your dream home. "Experience the epitome of country living with this exceptional horse property, situated just minutes from downtown Lyons! Boasting a sprawling 19.8 acres of pristine land and captivating views of Spring Gulch Ranch Estates, this property is a rare gem waiting to be discovered.The focal point of this remarkable estate is the like-new large barn, featuring four stalls and offering unparalleled amenities for horse enthusiasts. With fenced pastures, paddocks, and additional outbuildings, this property is a haven for both horses and their owners.The true allure of this property lies in its potential. While the house may require attention or present an opportunity for a new build, the land and barn make it an investment worth considering.Adding to the appeal is the convenience of paved road access and proximity to downtown Lyons, providing the perfect balance of accessibility and tranquility. Residents will enjoy the luxury of their own private mailbox and the convenience of being on the school bus route.For those seeking a retreat from the hustle and bustle of city life without sacrificing convenience, this property offers the ideal solution. Don't miss this extraordinary opportunity to embrace country living just three miles outside of downtown Lyons. Schedule your viewing today and envision the possibilities that await!"
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017