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$435,000
● Multifamily - Off Market

29 Sycamore

bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,055 Ft²
$757,227
RealtyHop Estimate
72.49%
Since Dec 1, 2005
National-US
Primary Model

About This Property

BEST BUY IN SOMERVILLE! Centrally located two family; also can be converted to a single family with an apt. on 3rd flr or condexed.  Parking for four cars side by side. Fenced in yard. Newer windows on 1st floor.  Updated electric, separate heat and electric, newly refinished floors and painted interior.  Unit #1 currently empty but was rented for $2,000/mo. Unit # 2 leased to 8/31/05.  Motivated seller!!
Unit Size
2,055 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$214
Property Type
Multifamily
Property Taxes
$354
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 years ago (MLSPIN #70175971)

Price History

Date / Event Date Event Price
Nov 3, 2005 Sold
Premium
Sold
Apr 18, 2005 Listed by Tullish & Clancy $439,000
Listed by Tullish & Clancy

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range), Unit 2(Range), Gas Water Heater
Flooring Type: Wood, Tile, Vinyl, Varies Per Unit
Rooms: 8
Basement: Full, Walk-Out Access, Interior Entry, Concrete
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 4
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch, Patio
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Zoning: RA
Parcel Number: 755033
Water Source: Public, City/Town Water
Financial Details
Tax Map Number: 50-E-1
Tax Assessed Value: $395,500
Tax Annual Amount: $4,252
Utilities Details
Cooling Type: Unit 1(None), Unit 2(None)
Heating Type: Unit 1(Forced Air, Gas), Unit 2(Electric Baseboard)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping, 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# 70175971
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