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$235,000
● Condo - Off Market

1738 Commonwealth #61738

bedrooms
2 Beds
bathrooms
1 Bath
square feet
760 Ft²
$488,764
RealtyHop Estimate
98.77%
Since Oct 1, 2004
National-US
Primary Model

About This Property

2 bedroom with beamed ceilings, hardwood floors. Currently leased thru 8/31/04 (tenants may move sooner).  Building facade to be repainted and touched-up; new porch and rear siding; roof still under warranty for 4+ years. Needs cosmetics, great investment!  BRING OFFERS!
Unit Size
760 Ft²
Days on Market
-
Land Size
-
Price per sqft
$324
Property Type
Condo
Property Taxes
$156
HOA Dues
$243
Year Built
-

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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.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #70012068)

Price History

Date / Event Date Event Price
Sep 13, 2004 Sold
Premium
Sold
Mar 29, 2004 Listed by RE/MAX Heritage, LLC $245,900
Listed by RE/MAX Heritage, LLC

Property Highlights

Parking Available
Interior Details
Features: Bathroom - Full
Features: Flooring - Hardwood
Features: Flooring - Hardwood
Features: Balcony / Deck, Pantry
Features: Flooring - Hardwood
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Oil Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Wood
Laundry Features: Washer Hookup
Rooms: 5
Basement: Y
Parking Details
Parking Features: Rented, On Street
Exterior Details
Has Property Attached
Entry Level: 3
Security Features: Intercom
Year Built Source: Owner
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: res
Parcel Number: 2102212028, 1216177
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $185,000
Tax Annual Amount: $1,878
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Cooling Type: None
Heating Type: Baseboard, Oil, Individual, Unit Control
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds
HOA Fee: $243
Community Features: Public Transportation, Shopping, Medical Facility, Laundromat
Complex is Completed
Management: Professional - Off Site

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70012068
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