109 Lake Ave
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 |
|---|---|---|---|
| Jan 14, 2025 | Sold | ||
| Sold | |||
| Nov 29, 2024 | In contract | - | |
| In contract | |||
| Nov 21, 2024 | Listed by RE/MAX Vision | $495,000 | |
| Listed by RE/MAX Vision | |||
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VIEWS VIEWS VIEWS! LAKEFRONT HOME RIGHT ON LAKE QUINSIGAMOND! Rare opportunity. Gorgeous private access & views of the lake, bridge, wildlife and recreational activities. Spectacular sunrises. Built in 1940, 5 mins. to UMass, 3 BR’s, 1 office, an open concept LR w/ FP and kitchen, & large DR w/ FP. But the best part is outside in your private back yard. Enjoy bbq's, push off from your huge deck on your paddle-board, utilize the spacious side-yard which already has raised beds for your summer garden grown right in the city. Dry basement. Off street parking for 2 cars! Super upgrades by current owners include: three mini-splits, w/ AC and heat, new water heater, new laminate flooring on 1st level and upgraded electrical to 200A. Convenient to all Worcester and Shrewsbury have to offer: shopping, cultural, restaurants, schools, ice cream and BOATING!! This home has been given some nice system upgrades; take it to the next level with your own touches. Open Houses 11/23 & 11/24.
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| Jul 8, 2020 | Listed by RE/MAX Vision | $330,000 | |
| Listed by RE/MAX Vision | |||
| Jul 8, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017