119 Wire 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 |
|---|---|---|---|
| Aug 31, 2022 | No longer available | - | |
| No longer available | |||
| Aug 30, 2022 | Sold | ||
| Sold | |||
| Jul 12, 2022 | In contract | - | |
| In contract | |||
| Jul 6, 2022 | Listed by Bean Group / Bedford | $569,000 | |
| Listed by Bean Group / Bedford | |||
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Welcome home to this unique property and beautifully maintained multi-level home. The apartment is legal and approved by the town of Merrimack. See MLS #4916903 for pictures of main house and attached documents. There have been many updates to the large main house over the past several years. The main house has four levels of living, a circular driveway for safe entering onto Wire Road, a beautiful sunroom off the dining room, and even a space in the basement for a workshop. The detached garage has a townhouse style apartment with separate utilities - perfect for the in-laws or renters to help supplement your household expenses! The apartment is private and has a solid rental history. There is currently a responsible tenant living there who pays rent early and keeps the apartment clean and in shape. The property is located a short ride from all shopping and very close to the highway and to the Merrimack / Bedford town line.-- The In-Law/Apt SF and rooms are added to the listing information. The manager has listed the unit size as 4020 square feet.
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| Jun 22, 2022 | Listed by Bean Group / Bedford | $569,000 | |
| Listed by Bean Group / Bedford | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017