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$500,000
● Multifamily - Off Market

12 Pierce

bedrooms
8 Beds
bathrooms
3 Baths
square feet
3,147 Ft²
$1,029,911
RealtyHop Estimate
101.98%
Since Aug 1, 2004
National-US
Primary Model

About This Property

lg.2fam.5/6+4 2 levels for owner on 2 levels with 6 BRS & 2 BATHS.NEW WINDOWS,GLEAMING HW.+PINE FLOORS,NEW WALLS,CEILINGS,FULL WALL INSULATION.THERE IS A 2ND LOT OF LAND BELONGING TO OWNER AT REAR OF ABUTTING HOME PARKING FOR 6 CARS PLUS 3 SPACES AT FRONT &REAR OF HOME 2ND PARCEL IS1742 SF. ASS. VALUE 5,700 TAXES 80.14 BK 7422 P 358
Unit Size
3,147 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$162
Property Type
Multifamily
Property Taxes
$268
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 #70006778)

Price History

Date / Event Date Event Price
Jul 30, 2004 Sold
Premium
Sold
Mar 15, 2004 Listed by RE/MAX United Brokers $509,900
Listed by RE/MAX United Brokers

Property Highlights

Parking Available
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Ceiling Fans, Pantry), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Dining Room, Other (See Remarks))
Appliances: Unit 1(Range), Unit 2(Range, Dishwasher), Oil Water Heater, Utility Connections for Gas Range
Flooring Type: Tile, Vinyl, Other
Rooms: 15
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 5
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Wooded
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Zoning: RES.
Parcel Number: 597668
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $228,800
Tax Annual Amount: $3,217
Utilities Details
Utilities: for Gas Range
Heating Type: Unit 1(Oil), Unit 2(Oil)
Location Details
Community Features: Public Transportation, Shopping, Laundromat

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# 70006778
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