2 Reading Rd
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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%.
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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.
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 |
|---|---|---|---|
| Jul 15, 2019 | Sold | ||
| Sold | |||
| May 16, 2019 | Listed by RE/MAX Innovative Properties - Hollis | $146,900 | |
| Listed by RE/MAX Innovative Properties - Hollis | |||
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Beautiful,affordable home,corner of Reading and Erie,3 bedroom,1 bath manufactured single family home in move in condition situated on .19 acre lot.Trestle Brook is a quiet community with walking trails nearby,close to Hollis,Minutes to Rt 3 for commuters to Mass. Ranch style home has been updated with all new carpet,new kitchen floor,new bathroom vanity,new AC and newer appliances and freshly painted with neutral colors.It has a wonderful attached screened porch to enjoy all summer long.Driveway is paved for 2-3 vehicles,offers 2 sheds for storage of which one is brand new.Yard has been nicely maintained with flower beds and established shrubs.There's a washer and dryer in unit that will be staying.Low taxes of $2284 year plus all of Trestle Brook is on 100 year land lease with monthly fees of $488 which includes the taxes on the land lease,water,sewer,trash removal and town plows the roads.Small dogs and 2 cats allowed and must be approved by Trestle Brook Association.
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| Aug 16, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $109,900 | |
| Listed | |||
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Quiet community close to Rt 3,Hollis and Massachusetts.Affordable housing with 3 bedrooms,paved driveway,brand new AC,brand new carpeting,new window blinds,screened porch,all new interior painting and professionally cleaned for move in ready condition.Two sheds,back yard pole light for added security,corner lot,dead end street.The manager has listed the unit size as 1080 square feet.
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| Jul 10, 2017 | Listed by RE/MAX Properties/Hollis | $109,900 | |
| Listed by RE/MAX Properties/Hollis | |||
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Nice corner ranch style manufactured home with 2-3 bedrooms,1 bath, 11x12 screened porch,paved parking,dead end street.Brand new carpets,freshly painted walls,ceilings,moldings,professionally cleaned for ready, move in condition. Brand new AC,2 sheds for storage as well as outdoor pole light for added security.Newer appliances all stay including washer and dryer.All new blinds included. Quiet area,quiet dead end street,nice neighborhood..great for first time home buyers as well as empty nesters yet close to shopping,church,schools,walking trails.Land lease $499 mo includes sewer,water,plowing street.Only small dogs and up to 2 cats allowed.New buyer fills out an association application prior to closing.Nice little community close to Rt 3,Hollis and Massachusetts.Affordable home in move in condition...make it yours. Quick closing possible.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017