Renovated 3 family with off street parking, 2 car garage with
attached workshop and a good size backyard. Updates include roof,
gutters, replacement windows, electrical, plumbing and heating.
Exterior needs painting which is reflective in price. Renovated
kitchens and baths in 1st and 2nd floor, 1st floor has 2 bedrooms
and washer/dryer combo in unit, 2nd and 3rd floor have 3 bedrooms,
all units have hardwood floors throughout, 1st and 2nd floor have
baseboard heat, 3rd floor has a space heater, individually metered
gas and electric, washer and dryer hook-ups in basement.
Conveniently located near parks, hospital, restaurants, the
waterfront and easy highway access.
Unit Size
2,423 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$119
Property Type
Multifamily
Property Taxes
$222
HOA Dues
-
Year Built
1900
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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: Other (See Remarks), Unit 1(Ceiling Fans, Upgraded Cabinets), Unit 2(Ceiling Fans, Bathroom with Shower Stall), Unit 3(Ceiling Fans, Bathroom With Tub & Shower)
Appliances: Unit 1(Range, Disposal, Refrigerator, Washer / Dryer Combo), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Tile, Varies Per Unit, Hardwood, Parquet, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors), Unit 3(Tile Floor, Hardwood Floors)
Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Renovated Since
PropertySubType: 3 Family - 3 Units Up/Down
Stories (Total): 6
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Yes
Lot Features: Cleared, Level
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Zoning: A-3
Parcel Number: 2825720
Water Source: Public
Financial Details
Tax Assessed Value: $182,500
Tax Annual Amount: $2,661
Utilities Details
Utilities: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Cooling Type: Unit 1(None), Unit 2(None), Unit 3(None)
Heating Type: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Gas), Unit 3(Gas, Space Heater)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, Sidewalks
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