20 Penn Ave
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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | Listed by Lamacchia Realty, Inc. | $499,900 | |
| Listed by Lamacchia Realty, Inc. | |||
| | |||
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This newly updated colonial in Lowell is perfect for those who are looking for nothing to do but move-in-ready. Brand New kitchen with granite-counter-top and stainless-steel appliances with an open-floor plan to the dinning room. Warm electric fireplace and fancy ceiling-light create an inviting atmosphere to relax in the livingroom. Fully upgraded bathroom on the first floor with the an office room/bedroom. Second-level bedrooms have hardwood flooring and a half-bath. The newly installed engineered-wood flooring on the first floor provide many long lasting years. Enjoy this summer with a nice green backyard and a beautiful tree casting some shades on the wooden deck. Close distance to major highways, public transportation, schools and shopping areas.
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| Feb 22, 2023 | Sold | ||
| Sold | |||
| Jan 13, 2023 | In contract | - | |
| In contract | |||
| Jan 12, 2023 | Listed by Lamacchia Realty, Inc. | $339,900 | |
| Listed by Lamacchia Realty, Inc. | |||
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Address: 335 Madison Avenue, New York, NY 10017