21 Jungle 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 |
|---|---|---|---|
| Mar 7, 2024 | Sold | ||
| Sold | |||
| Sep 27, 2022 | In contract | - | |
| In contract | |||
| Sep 27, 2022 | Relisted | $1,100,000 | |
| Relisted | |||
| Sep 17, 2022 | In contract | - | |
| In contract | |||
| Jul 29, 2022 | Listed by Foster-Healey Real Estate | $1,100,000 | |
| Listed by Foster-Healey Real Estate | |||
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Prime Location! Just off the intersection of Route I-190 and Route 117 and across the street from Walmart this 5.5 acre Commercial or Industrial parcel is in Leominster’s Multi Use 1 Zoning District. Most professional, banking, retail, restaurant, R&D, manufacturing, and warehouse uses are allowed as a matter of right, other business uses by special permit. Residential uses are not allowed. There is a two-bedroom single family home on the property that possibly could be subdivided and sold as a preexisting non-conforming use, but highest and best use of the site would likely require its demolition. Water in street, sewer approximately 400 feet from site in Jungle Road.
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