2A Gates Pond Road
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 |
|---|---|---|---|
| Apr 1, 2019 | Sold | ||
| Sold | |||
| Oct 26, 2018 | Listed by LAER Realty Partners | $225,000 | |
| Listed by LAER Realty Partners | |||
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This is a beautiful wooded, nearly 2-acre lot with stunning oak trees and a small wildlife pond. The sand/gravel lot has perc test and septic design completed, permit from Conservation Commission in hand. This alluring location has easy access to Highland Commons and Route 495. Bring your contractors and your ideas and get your foundation poured this year! Please see attached documents for more information. 2nd lot available adjacent to each other.
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| Oct 26, 2017 | Sold | ||
| Sold | |||
| Mar 30, 2017 | Listed by LAER Realty Partners | $219,950 | |
| Listed by LAER Realty Partners | |||
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$109,875 price per lot if able to get 2 lots, wow! On 9/14 engineer went to site/took msmts.and there is potential for 2 lots, a survey would need to be done to confirm boundary lines to confirm the 2 lot potential all due to the small pond like area on this site, on paper enough lot size and frontage for 2 lots. 25' offset from the pond area. Site is made up of sand/gravel soils. Residential/Agricultural land in Berlin so bring the horses/animals, why board your horse elsewhere! What a bargain for 3.69+/- acres!! All permits/testing are the buyers' expense/responsibility. Seller will not subdivide, selling as one parcel. Call LA for details on all. Conv. to major routes, Solomon Pond Mall, Market Basket, BJs,Lowes, Rt.495,etc. are just around the bend Please DO NOT WALK the land without listing agent!
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| Mar 31, 2000 | Sold | ||
| Sold | |||
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