16 Bates St.
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 |
|---|---|---|---|
| Oct 15, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | Listed by Compass | $595,000 | |
| Listed by Compass | |||
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Welcome to 16 Bates Street in the bedroom community of Mendon. Tour this idyllic home which balances colonial architecture, privacy, and specatular gounds. You'll instantly fall in love with this 3bedroom plus office/2 bathroom stunner. By mixing contemporary features and sophistication with flexibility and recent updates Bates has a feeling of expansiveness. Bates has been lovingly updated over the last few years, and it's your turn to take advantage of all that the owner has done. Mendon offers a country like feel while it is conveniently located to 495, the commuter rail, and shopping. The outside features manicured lawn, with many perennial plantings and double gravel driveways. There are double entrances which offer income potential for business owners or AIRBNB enthusiast. To understand its uniqueness you simply must see it for yourself.
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| Dec 16, 2015 | Sold | ||
| Sold | |||
| Oct 31, 2015 | Listed by Compass | $249,900 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017