LOT 1 Hager Park Road
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 |
|---|---|---|---|
| Dec 19, 2006 | Sold | ||
| Sold | |||
| Apr 10, 2006 | Listed by Coldwell Banker Realty - Leominster | $224,900 | |
| Listed by Coldwell Banker Realty - Leominster | |||
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Preliminary engineering shows a probable 3 lot subdivision. Property was perced previously. Good location near Rte. 2 and Rte. 140 intersection. Abuts town owned land, (Hager Park). The town has expressed an interest in purchasing a portion of the back land. By purchasing, subdividing and selling off a piece to the town would reduce your cost per lot to approximately $65,000 per building lot.
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