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$320,000
● Multifamily - Off Market

28 Mechanic

bedrooms
8 Beds
bathrooms
4 Baths
square feet
3,255 Ft²
$650,919
RealtyHop Estimate
86.03%
Since Apr 1, 2005
National-US
Primary Model

About This Property

SIX UNITS,FIFTH AND SIXTH APTS., BOTH STUDIOS, RENT $525.$500 P/M EACH APT  total rent per month equals $3775.  inc. garage, COIN -OP,  recent oil furnace, a must for the wise investor,six months lease turns to tenant at will after lease.delead certs. on hand. turn key operation. COMMERCIAL LOAN
Unit Size
3,255 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$108
Property Type
Multifamily
Property Taxes
$116
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 #70042744)

Price History

Date / Event Date Event Price
Mar 21, 2005 Sold
Premium
Sold
Jun 1, 2004 Listed by 1st Cornerstone Properties $349,900
Listed by 1st Cornerstone Properties

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street
Garage Spaces: 4
Interior Details
Full Bathrooms: 4
Interior Features: Storage
Appliances: Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator), Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
Flooring Type: Vinyl, Carpet
Laundry Features: Laundry Room, Washer Hookup
Rooms: 17
Basement: Full, Walk-Out Access, Concrete
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 5-9 Family
Stories (Total): 8
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed
Lead Paint: Certified Treated
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Zoning: RES/MULTI
Parcel Number: 1744866
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $140,900
Tax Annual Amount: $1,392
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Sidewalks

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# 70042744
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