Sweeping Water Views of 10 Pound Island, The Boulevard, Eastern
Point & Beyond! Nothing short of spectacular, this two family
shingled home is appointed at the apex of Fort Square, 3 levels of
living space is conducive as a single (current use) or as a
multi-family (2 kitchens) with a 1st & 2nd level patio offering
panoramic views of Ten Pound Island, so close you can almost graze
it with your hand. Watch returning & departing fishing boats ripple
by as they voyage out to sea for their daily catch.16 Fort Square
is NOT in a Flood Zone per FEMA.The roof is 1 year old with a 50
year warranty,15 brand new energy efficient windows installed, new
water heater, oil line, updated electrical, improved driveway,
professionally landscaped, a new conduit & shingle work just
completed. Newly sanded floors.25X26 Bonus room leads out to the
top deck with a wet bar. 9/5 & 9/6 Open House Sat & Sun 12-2 by
appt. Offers due Tue. 9/8 at 2:00. Covid protocol practice
required. Mask & Waiver signed
Unit Size
2,794 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$483
Property Type
Multifamily
Property Taxes
$464
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: Unit 1(Storage, Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo, Loft), Unit 2 Rooms(Kitchen, Loft)
Appliances: Unit 1(Range, Dishwasher, Disposal, Refrigerator), Unit 2(Range, Disposal, Refrigerator, Freezer), Oil Water Heater
Flooring Type: Wood, Tile, Carpet, Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors, Stone/Ceramic Tile Floor)
Patio and Porch Features: Deck - Roof, Deck - Wood
Lead Paint: Unknown
Lot Features: Gentle Sloping, Level
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Zoning: MI
Parcel Number: 1893348
Water Source: Public
Financial Details
Tax Assessed Value: $451,400
Tax Annual Amount: $5,566
Utilities Details
Heating Type: Unit 1(Hot Water Baseboard, Oil), Unit 2(Hot Water Baseboard, Oil)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, House of Worship, Marina, Public School, T-Station
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