2 Main 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 |
|---|---|---|---|
| May 16, 2012 | Sold | ||
| Sold | |||
| Oct 11, 2009 | Listed by The Gosselin Group, Inc. | $120,000 | |
| Listed by The Gosselin Group, Inc. | |||
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This is a 6.5 acre parcel of land zoned OCD (Outlying Commercial District) located on Main Street in Townsend, MA abutting the Town Harbor Mall property. Outlying Commercial District zoning is designed to accommodate the widest range of permitted commercial activities. Call our office for details.
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