268 Magnolia 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 |
|---|---|---|---|
| Oct 10, 2024 | Sold | ||
| Sold | |||
| Sep 2, 2024 | In contract | - | |
| In contract | |||
| Aug 29, 2024 | Listed by Lamacchia Realty, Inc. | $625,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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Nestled just a short distance from two private beaches at the end of the road. The Wingaersheek beach is 15 minutes from the house. You have the harbor, restaurants, shopping and access to major highways. It is time to make Gloucester your home. You will find large plank hardword floors throughout. The kitchen in this home was updated a few years ago with stainless steel appliances. There is a green house off the livingroom. You are able to grow your garden in the winter and transfer them outside in the Spring. There is a shed on this property that can be a she shed or a man cave. This home has so much to offer you will not be able to wait to put your fininshing touches on this home. Peaceful big yard and the home is set off to the back of the property with a long driveway. Seller has never lived in this home. Buyer and Buyer's agent to do due diligence. "By entering the property you are giving consent to being recorded at an open house or any showings."
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| May 28, 1992 | Sold | ||
| Sold | |||
| Oct 15, 1990 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017