183 Summer Street
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 |
|---|---|---|---|
| Aug 28, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Listed by Coldwell Banker Realty - Andover | $799,000 | |
| Listed by Coldwell Banker Realty - Andover | |||
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LOCATION! LOCATION! LOCATION! This adorable Cape is on one of the most desirable streets in downtown Andover. No need for a car when wanting to hit the amazing restaurants, bars, coffee shops, parks and retail stores that Andover has to offer. The new Bancroft elementary school is just minutes away as is Dorherty Middle School. This home is ready for its new owners to make their own. So many possibilities! Come live in the heart of Andover and experience the best spot to create your own piece of heaven. OPEN HOUSE Sunday 7/14/2024 11-12:30
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017