96 Meredith Lane
About This Property
Tired of waiting for permits? This 1.5-Acre ''Utility-Ready'' Lot - No HOA - Infrastructure On-Site!
Looking for a lot that's ready to go? This 1.5-acre property in Zebulon is perfect for a builder or homeowner who wants to skip the high costs and long waits of raw land development. It features working infrastructure and an established footprint.
Active Utilities: Includes 1 working well and 1 working septic system currently in use.
Existing Structure: Features an existing doublewide manufactured home, providing a proven footprint for your future custom build or renovation. doublewide is being SOLD AS-IS
No HOA
Prime Location: Enjoy rural serenity on a quiet gravel road just minutes from the growth of downtown Zebulon and Hwy 64/264.
Bundle Deal: Can be purchased with the adjacent 3.94-acre lot (100 Meredith Ln) for a total of 5.4+ contiguous acres. Sold as-is.
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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