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$171,000
● Multifamily - Off Market

2-4 Franklin

bedrooms
9 Beds
bathrooms
0 Bath
square feet
3,300 Ft²
$410,831
RealtyHop Estimate
140.25%
Since Mar 1, 2003
National-US
Primary Model

About This Property

WELL MAINTAINED 3 FAMILY WITH SOLID RENTAL HISTORY. STATE SUSIDIZED RENTS. MANY UPDATES, NEW WIDOWS, SIDING, LEAD CERTIFICATES WITH ALL 3 UNITS. WALK TO VILLAGE CENTER
Unit Size
3,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$52
Property Type
Multifamily
Property Taxes
$106
HOA Dues
-
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 #30671267)

Price History

Date / Event Date Event Price
Feb 28, 2003 Sold
Premium
Sold
Nov 26, 2002 Listed by Singley & Associates, Inc. $171,000
Listed by Singley & Associates, Inc.

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street
Garage Spaces: 1
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Pantry, Lead Certification Available, Other (See Remarks)), Unit 2(Lead Certification Available, Other (See Remarks)), Unit 3(Pantry, Lead Certification Available), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Other (See Remarks)), Unit 3 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks))
Appliances: Electric Water Heater, Propane Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Wood, Vinyl
Laundry Features: Washer Hookup
Rooms: 16
Basement: Full, Bulkhead
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 4
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed
Lead Paint: None, Certified Treated
Lot Features: Corner Lot
Lot Size Units: Acres
Zoning: R
Water Source: Public, City/Town Water
Financial Details
Tax Map Number: 6-2
Tax Assessed Value: $134,600
Tax Annual Amount: $1,277
Utilities Details
Utilities: for Electric Range, for Electric Dryer, Washer Hookup
Cooling Type: Unit 1(None), Unit 2(None), Unit 3(None)
Heating Type: Unit 1(Forced Air, Oil), Unit 2(Hot Water Baseboard, Oil), Unit 3(Forced Air, Oil)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Shopping, Laundromat

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# 30671267
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