Stop paying rent, this one has income potential! This amazing
legal 2-family is currently being used as a single family.
Both units are registered with MA Lead Safe Homes Roof is
approximately 10 years, furnace approximately 6 years, newer
replacement windows. Insulated by MassSave. The last house on a
dead-end street, this offers so much. Has a full walk-up attic and
a partially finished room in walk-out basement not included in sq.
footage. Love the outdoors ... you have direct access to the
Ware River from your backyard. Above-ground pool and Cabana
to stay, hot tub negotiable. Detached 16x24 garage is fully
insulated with electricity. Driveway is shared. House can use
some minor TLC but admire the stunning views and quiet serenity of
this property while being near town parks, town pool, etc.
Unit Size
1,965 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$104
Property Type
Multifamily
Property Taxes
$214
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.
Interior Features: Unit 1(Ceiling Fans, Bathroom With Tub & Shower), Unit 2(Ceiling Fans, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Kitchen, Office/Den)
Appliances: Unit 1(Wall Oven, Countertop Range, Refrigerator), Oil Water Heater, Electric Water Heater, Tank Water Heaterless, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
Laundry Features: Washer Hookup, Unit 1 Laundry Room
Utilities: for Electric Range, for Electric Dryer, Washer Hookup
Heating Type: Unit 1(Hot Water Baseboard, Oil), Unit 2(Hot Water Baseboard, Oil)
Sewer : Public Sewer
Location Details
Community Features: Shopping, Pool, Park, Walk/Jog Trails, Laundromat, Conservation Area, Highway Access, House of Worship, Public School
14 Barnes
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