9 Red Oak Drive
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 |
|---|---|---|---|
| Feb 18, 2025 | Sold | ||
| Sold | |||
| Dec 24, 2024 | In contract | - | |
| In contract | |||
| Jul 9, 2024 | Listed by Howard Hanna Professionals | $65,000 | |
| Listed by Howard Hanna Professionals | |||
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Welcome to your dream home location on the prestigious Red Oak Drive! This vacant land offers an incredible opportunity to build your ideal home. With its already cleared land, the property is primed and ready for your dream vision to take shape. The 6.6 acres of expansive space provide ample room for endless possibilities, ensuring privacy and tranquility. Prepare to be captivated by this exceptional property's breathtaking scenic views. Whether it's the gently rolling hills, lush greenery, or the vibrant colors of the changing seasons, each day will greet you with a picture-perfect vista. This harmonious blend of nature's beauty and modern comforts is an unparalleled combination you won't find elsewhere. Convenience is at your fingertips, as Olean General Hospital is just a five-minute drive. Additionally, you'll enjoy the advantages of being minutes away from the heart of Olean, with its vibrant downtown, dining, shopping, and entertainment options. From designing your dream home to crafting beautiful outdoor spaces, this canvas awaits your artistic touch. Act now and secure the future you've always envisioned!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017