Multi family with 3 levels. Newer roof, vinyl siding, replacement
windows, rear decks, and 2 car garage. Plenty of off st. parking.
Close to major highways, restaurants, and many other
amenities. This property has been owned by the same family for many
years and was in the past used as a single family but changed to a
2 family. ZONED INDUSTRIAL 1 WITH MANY PERMITTED USES TO LIST
JUST A FEW! CONVENIENCE STORE, OFFICE, RETAIL SALES,AUTO REPAIR
SERVICE,HOME OCCUPATION,& MANY MORE! UNLIMITED POTENTIAL! WISE
INVESTMENT WITH FOCUS ON USES!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$225
Property Type
Multifamily
Property Taxes
$378
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Interior Features: Unit 1(Ceiling Fans, Walk-In Closet), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room, Kitchen, Office/Den), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Disposal, Refrigerator, Washer, Dryer), Unit 2(Range, Disposal, Refrigerator, Washer, Dryer), Oil Water Heater, Tank Water Heaterless, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Carpet, Laminate, Unit 1(undefined), Unit 2(Wood Flooring, Wall to Wall Carpet)
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Cooling Type: Unit 1(None), Unit 2(None)
Heating Type: Unit 1(Steam, Oil), Unit 2(Steam, Oil)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Public School
108 High
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