16 Convent Square
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 |
|---|---|---|---|
| Sep 5, 2023 | Sold | ||
| Sold | |||
| Jul 7, 2023 | Listed by Coldwell Banker Hickok and Boardman | $298,000 | |
| Listed by Coldwell Banker Hickok and Boardman | |||
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Incredible opportunity for the right buyer who is willing to continue investing in this classic Vermont farmhouse centrally located on one of Burlington’s most adorable streets. 16 Convent Square has been a labor of love for the owner, who has worked diligently to breathe life back into this sweet home. Beginning with the daunting task of successfully drying out the stone basement by regrading house and replacing the bottom 24 inches of the sill around the perimeter of the home and adding a storm water cachet. Additionally, the seller removed all the old ceilings and walls, installed a number of Marvin Integrity windows, replaced the old furnace with a high-efficiency natural gas boiler in 2018, and extensively cleaned out and landscaped the deep backyard adding a beautiful stone wall and planting a plethora of trees, shrubs, and perennials. Built in 2021, the fully insulated pottery shed includes single-pane windows and an electrical panel that supports a heavy-duty kiln. This property is a rare opportunity to own a home that will undoubtedly increase in value with some further improvements, picking up where the seller has left off! Showings Resume 8/10.
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| Jul 28, 2015 | Sold | ||
| Sold | |||
| Mar 23, 2015 | Listed by Coldwell Banker Hickok and Boardman | $150,000 | |
| Listed by Coldwell Banker Hickok and Boardman | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017