16 Tremont 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 |
|---|---|---|---|
| Dec 14, 2023 | Listed by NRG Real Estate Services, Inc. | $425,000 | |
| Listed by NRG Real Estate Services, Inc. | |||
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INVESTMENT OPPORTUNITY - 3 properties situated in a Residential C Zoning area in Chicopee to be sold as a package - no exceptions. SINGLE FAMILY home that consists of 5 rooms, 3 bedrooms, 1 bath is currently rented monthly. There is a 4-car garage, as well as, one individual garage that are currently rented monthly with the exception of 1 which is used by the Seller. There is also a potential BUILDABLE LOT that consists of .18 acres (7,662 sq.ft.) of residential land that previously had a 4-unit building on it. The probable use for this lot would be for a single family home or 2family/duplex. There is an additional excess lot that consists of .13 acres ( 5,935 sq.ft.). Buyer to conduct own due diligence on use with the City of Chicopee on use. A buyer could potentially develop all 3 properties under a "Mill Pathway Conversion Plan". Existing structures would need to be removed to do so. Please contact the Planning Dept. for more information. Great location near all major highways
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| Jun 24, 2015 | Sold | ||
| Sold | |||
| Jun 5, 2014 | Listed by Great Homes Real Estate, Inc. | $44,900 | |
| Listed by Great Homes Real Estate, Inc. | |||
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3 BR/1 BA home located in Chicopee Center in need of rehab. This building was a happy home for nearly 40 years to the same owner now it needs someone to come in and get it ready for another family for the next 40 years!! Sale is subject to the approval of Probate court and Mass Health.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017