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$260,000
● Multifamily - Off Market

294 Weld

bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,233 Ft²
$509,478
RealtyHop Estimate
88.77%
Since Mar 1, 2005
National-US
Primary Model

About This Property

VERY LARGE MAIN HOUSE WITH HANDICAP ACCESSIBILITY, PLUS NEW ADDITION  CONSISTING OF TWO CAR GARAGE WITH ONE BEDROOM APARTMENT OVER GARAGE, FENCED YARD WITH POOL
Unit Size
2,233 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$121
Property Type
Multifamily
Property Taxes
$172
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 #70005283)

Price History

Date / Event Date Event Price
Feb 17, 2005 Sold
Premium
Sold
Mar 11, 2004 Listed by Riverside Realty $269,900
Listed by Riverside Realty

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Off Street, On Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1 Rooms(Living Room, Dining Room, Kitchen, Family Room, Other (See Remarks)), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 2(Range, Refrigerator, Washer, Dryer), Gas Water Heater, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Wood, Vinyl
Laundry Features: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room
Rooms: 10
Basement: Full, Bulkhead
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Zoning: R
Parcel Number: 2895954
Water Source: Public, City/Town Water
Financial Details
Tax Map Number: 77
Tax Assessed Value: $138,700
Tax Annual Amount: $2,060
Utilities Details
Utilities: for Gas Oven, for Electric Dryer, Washer Hookup
Heating Type: Unit 1(Steam, Gas), Unit 2(Hot Water Baseboard, Gas)
Sewer : Public Sewer, City/Town Sewer

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# 70005283
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