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109 Concord Street
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 |
|---|---|---|---|
| Aug 3, 2011 | Sold | ||
| Sold | |||
| Jun 20, 2011 | Listed by RealHome Services and Solutions, Inc. | $364,500 | |
| Listed by RealHome Services and Solutions, Inc. | |||
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HUGE PRICE REDUCTION- BEST BUY IN GLOUCESTER Oversized Custom Split on 1/2 acre lot near Wingaersheek Beach. Ground level apartment with kitchen, bath & separate entrance offers income potential. Easy handicap conversion. 3 Full Baths, 2 fireplaces, beautifully maintained quality construction with many custom details, new 30 yr roof, lifetime siding and gutters in 2007. Title V certificate in hand. Minutes from 128 an commuter rail.
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| Mar 11, 2011 | Listed by J. Barrett & Company | $399,000 | |
| Listed by J. Barrett & Company | |||
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Tremendous value for this oversized custom split level on just under 1/2 acre near Wingaersheek Beach. Ground floor in-law apartment with separate entrance creates many options, including potential income apt. and easy handicap conversion. Quality construction with many custom details, new roof, siding and gutters in 2007 and Title V certificate in hand. Minutes from 128 an commuter rail. Plenty of parking and space for entertaining. What are you waiting for?
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| Oct 5, 2010 | Listed by J. Barrett & Company | $424,000 | |
| Listed by J. Barrett & Company | |||
| Feb 19, 2010 | Listed by Coldwell Banker Residential Brokerage - Gloucester | $424,000 | |
| Listed by Coldwell Banker Residential Brokerage - Gloucester | |||
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Freshly painted and move in ready. Great value for a lot of this size 5 minutes from Wingaersheek Beach. Convenient to 128 & commuter rail. Ground level 4 room in-law apt. w/ full kitchen, bath, screened porch &separate entrance. New roof, siding and gutters in '07. Two fireplaces, custom woodwork, large deck off kitchen, screened porch, patio, parking for 10+ and huge, level back yard. Solid, quality home all ready to go! MUST SEE!!
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