East Arlington location - Blocks from Cambridge without the high
prices! The Summit House offers commuters an easy walk to Alwife,
shopping, biking, restaurants, the Capitol Theater, Spy Pond - plus
public transportation at your front door! Open kitchen with crisp
white, stainless steel appliances, granite counters and
matching backsplash. Beautiful subway tile bathroom. Gleaming
hardwood floors, tons of closet space. Parking for 1 car.
Elevator, pool, storage, laundry. Family owned and operated
for 48 years, pride of ownership shines. Low condo fee which
INCLUDES heat and hot water due to income from 2 cell towers.
Unit Size
658 Ft²
Days on Market
-
Land Size
-
Price per sqft
$494
Property Type
Condo
Property Taxes
$83,333
HOA Dues
$219
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
HOA/Condo/Coop Amenities: Hot Water, Pool, Elevator(s), Storage
HOA Fee: $219
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - On Site, Developer Control
215 Massachusetts
#21,
Arlington, MA,
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