8987 Cypress Dr
About This Property
The three owners of these lots MUST get together to build the road required by the City of Thornton. Gas, electric, water and sewer taps are available. Buyers should be aware of this prior to offering.
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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 |
|---|---|---|---|
| Jan 12, 2024 | Sold | ||
| Sold | |||
| Dec 13, 2023 | Listed by Denver Property Team | $80,000 | |
| Listed by Denver Property Team | |||
| | |||
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Google maps will point you to the WRONG property. Please refer to the listing photos for the correct location. It is located on the corner of E. 90th Pl. and Cypress Dr. Embrace the rare chance to own THE most affordable lot in the Denver Metro area. This impressive 7,000 sq. ft. vacant lot, nestled in a coveted trio of empty plots, offers unparalleled potential for your dream project. As the most budget-friendly option in the entire Denver Metro region, this property is a unique find for savvy investors and dreamers alike. No appointment needed! Feel free to visit and explore the site at your convenience, making it easier than ever to start planning your vision.
The three owners of these lots MUST get together to build the road required by the City of Thornton. Gas, electric, water and sewer taps are available. Buyers should be aware of this prior to offering.
| |||
| Oct 3, 2022 | No longer available | - | |
| No longer available | |||
| Jul 11, 2022 | Price Decreased |
$66,600
↓ $22K
(25.2%) | |
| Price Decreased | |||
| Jun 25, 2022 | Relisted | $89,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017