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$180,000
● Multifamily - Off Market

116 Franklin

bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,747 Ft²
$463,989
RealtyHop Estimate
144.33%
Since Dec 1, 2002
National-US
Primary Model

About This Property

LEGAL TWO FAMILY CURRENTLY BEING USED AS A SINGLE. 8 RMS, 4 BRS, 2 BATHS CAN EASILY BE CONVERTED BACK TO A MULTI. NEWER ROOF AND PRICED TO SELL. THE PRICE CAN NOT BE BEAT. SUBJECT TO SELLERS FINDING SUITABLE HOUSING.
Unit Size
1,747 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$109
Property Type
Multifamily
Property Taxes
$133
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.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #30627380)

Price History

Date / Event Date Event Price
Nov 27, 2002 Sold
Premium
Sold
Jul 19, 2002 Listed by RE/MAX Village Properties $189,900
Listed by RE/MAX Village Properties

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Ceiling Fans), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 2(Range, Dishwasher, Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer
Flooring Type: Wood, Vinyl, Carpet
Laundry Features: Washer Hookup
Rooms: 8
Basement: Full, Dirt Floor
Exterior Details
Security Features: Unit 1 Security System, Unit 2 Security System
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Zoning: RES
Parcel Number: 1932559
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $117,900
Tax Annual Amount: $1,601
Utilities Details
Utilities: for Gas Range, for Gas Dryer, for Electric Dryer, Washer Hookup
Cooling Type: Unit 1(None), Unit 2(None)
Heating Type: Unit 1(Hot Water Baseboard), Unit 2(Steam)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30627380
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