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$175,000
● Multifamily - Off Market

216 Park

bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$383,541
RealtyHop Estimate
91.87%
Since Feb 1, 2005
National-US
Primary Model

About This Property

2 FAMILY - EACH UNIT HAS 4 ROOMS WITH 1 BEDROOM AND 1 FULL BATH, HARDWOOD FLOORS, WALL TO WALL CARPETING AND GAS HEAT. TOWN WATER TOWN SEWER. EASY ACCESS TO MBTA AND MAJOR HIGHWAYS. GREAT INVESTMENT. CURRENT RENTS UNDER MARKET VAL
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$121
Property Type
Multifamily
Property Taxes
$165
HOA Dues
-
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.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #30782605)

Price History

Date / Event Date Event Price
Jan 7, 2005 Sold
Premium
Sold
Oct 22, 2003 Listed by Rosewood Real Estate Services $199,900
Listed by Rosewood Real Estate Services

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 2
Interior Features: Unit 2(Pantry), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
Flooring Type: Wood, Vinyl, Carpet
Rooms: 8
Basement: Full
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Wooded
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Zoning: R2
Parcel Number: 2760385
Water Source: Public, City/Town Water
Financial Details
Tax Map Number: 61
Tax Assessed Value: $107,400
Tax Annual Amount: $1,984
Utilities Details
Utilities: for Electric Range, for Electric Oven
Heating Type: Unit 1(Gas, Unit Control), Unit 2(Gas, Unit Control)
Location Details
Community Features: Public Transportation, Shopping, Park, Medical Facility

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30782605
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