58
Map
9110 Highway 1
About This Property
Unique riverfront property on US1 in Micco. Property includes 2 tax parcels (.64 and .25 acres) including property on the east and west side of US1. Property has existing structures that could be removed to build a dream house or commercial opportunity. Existing structures includes a 2-story main house with an upstairs apartment. There is also another structure behind the main house with 2 apartments and also a workshop. Structures are not in great shape but could be renovated or removed. Property has direct riverfront footage on the east side of US1 which is perfect for a dock or could be cleared for a gorgeous river view. Also a fantastic spot for a gas station, store, or multi-unit development.
This property is a diamond in the rough with many possibilities!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 1, 2016 | Sold | ||
| Sold | |||
| Dec 4, 2015 | Listed by Mark Palace Properties | $239,000 | |
| Listed by Mark Palace Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017