249 Rowley Bridge Rd
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 |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | In contract | - | |
| In contract | |||
| Jun 29, 2024 | Relisted | $1,995,000 | |
| Relisted | |||
| May 1, 2024 | Listed by J. Barrett & Company | $1,995,000 | |
| Listed by J. Barrett & Company | |||
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For the first time in 50 years, the iconic “Alfalfa Farm” in Topsfield is offered for sale. Over multiple generations Alfalfa Farm has been operated as a dairy, a horse farm and, for the past 29 years, a successful and award winning winery, tasting room and event venue with bath. Opportunities abound for farm use, equestrian facility, winery or redevelopment. Offered as one 9.14 acre parcel now, the property has potential for ANR division into 4 lots. The property includes the main house with 6 bedrooms and 3 bathrooms, currently configured as 3 rental units. The main barn is architecturally striking and has 9 stalls, work areas and hay loft. The winery has a large tasting room and adjacent outdoor spaces and wine production area. Parking areas estimated for both residential and winery areas. The winery business and related equipment is negotiable for sale with the real estate. Alfalfa Farm offers excellent frontage and easy access to transportation, Boston and Logan Airport.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017