0 Lunenburg Rd Lots C&B
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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 |
|---|---|---|---|
| May 8, 2018 | Sold | ||
| Sold | |||
| Feb 21, 2018 | Listed by Clockhouse Realty, Inc. | $799,000 | |
| Listed by Clockhouse Realty, Inc. | |||
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Two lots recently Zoned Enterprise by the town of Lancaster for Business and Retail with over 650 feet of Frontage. Located in area of newer and established businesses with high traffic count and great access to Major routes. Large Soccer complex abuts this property. Possible Municipal Water coming in next two years to three years. Lots can also be sold separately.
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| Nov 10, 2015 | Listed by Coldwell Banker Residential Brokerage - Leominster | $400,000 | |
| Listed by Coldwell Banker Residential Brokerage - Leominster | |||
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Lot C recently Zoned Enterprise by the town of Lancaster for Business and Retail with 331 feet of Frontage. Located in area of newer and established businesses with high traffic count and great access to Major routes. Large Soccer complex abuts this property. Possible Municipal Water coming in next two years to three years. Seller willing to do financing after review of usage and setting of terms.
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| Nov 15, 2009 | Listed by Renzi Real Estate | $50,000 | |
| Listed by Renzi Real Estate | |||
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