899 County Rd 132
About This Property
Power is already at the property line, making development seamless, and a new 1,280-gallon buried cistern with a pump house is in place. A 2,000-gallon concrete septic tank sits ready in an open pit, complete with site-specific septic system designs. Plus, a 10x16, 1.5-story shed with a lean-to and generator enclosure provides an RV hookup, complete with a rock patio and pad for use while building or camping. Driveway permits have already been submitted and can be updated to suit your plans.
Nestled at the end of a quiet, county-maintained road, this land borders a vast 4,000-acre ranch and offers direct access to National Forest and Wilderness Areas-ideal for hiking, horseback riding, and mountain biking. Rolling hills, open meadows, and peaceful valleys create a true equestrian paradise. Once part of a championship horse breeding operation, this property holds deep equine history, as one of three adjoining parcels. Please respect the foreman who still resides on-site.
Located just a mile from the charming town of Guffey, you'll enjoy year-round access and small-town hospitality, with nearby dining and shopping. Adventure awaits at world-class fishing destinations such as Eleven Mile Reservoir, the Dream Stream, and the South Platte River. Plus, Cripple Creek, Florissant, Divide, and Woodland Park are just a short drive away.
With skiing, hiking, and boundless outdoor recreation at your doorstep-and Colorado Springs only 90 minutes away-this is a rare opportunity to own a piece of Colorado's mountain magic.
Don't let this one-of-a-kind property slip away!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017