2 Ballord Pl
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 21, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | Listed by Coldwell Banker Realty - Cambridge | $975,000 | |
| Listed by Coldwell Banker Realty - Cambridge | |||
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A great Riverside location on a quiet tucked-away private way off of Putnam Ave. very near to Hoyt Field. 2 Ballord Pl. is a small, Mansard Roof single family home (C'1886) with some outdoor space, a large deck and a lot of privacy. Many elements of this house are old and will need repair, replacement and upgrades- both the exterior and interior. Completed, this home will become another one of Cambridge's hidden treasures. You have a great head start- a first floor with high ceilings, lots of natural light with large windows and a newer first floor bath. The roof appears solid, there is active natural gas in basement and a 200 Amp Service. In addition to "private-way" parking, there is potential to create an off-street spot (which the City recognizes) by making some fence changes. This location with proximity to Central Sq., Whole Foods, Charles River and to Hoyt Field adds value that's hard to quantify. Great opportunity to find and preserve the elusive Cambridge Single Family.
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| May 15, 2013 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017