1181 Lakes Road

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1181 Lakes Road

Monroe, NY 10950
Asking Price
$279K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development site encompassing 8.9 acres of residential land.
  • Located at 1181 Lakes Road in Monroe, New York.
  • Available for purchase at an asking price of $279,000.
  • Positioned within the growing suburban market of the region.
  • Well-suited for residential development or long-term investment holding.

What's Special

Developing this 8.9-acre residential land parcel in Monroe, New York, provides a significant opportunity for housing construction in a growing suburban setting. Situated at 1181 Lakes Road, the site offers ample space for residential projects, catering to the ongoing demand for homes within this part of the Hudson Valley region. The location remains accessible to regional transportation networks, providing convenient connections to the broader metropolitan area and its employment hubs. Prospective owners can explore various development strategies tailored to the characteristics of this expansive tract, benefiting from the balance of local landscape and proximity to essential services. This acreage serves as a foundation for residential investment, suitable for developers or individuals seeking a substantial footprint in a stable market environment.

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NOI
$80,000
Cap Rate
28.67%
DSCR
4.83
Strong
Cash-on-Cash
75.79%
Monthly Payment
$1,380.34
Annual Cash Flow
$63,435.923

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