3 Hemlock
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 |
|---|---|---|---|
| Sep 28, 2018 | No longer available | - | |
| No longer available | |||
| Sep 6, 2018 | Listed | $245,000 | |
| Listed | |||
| | |||
|
Approved 5 Lot subdivision plans; all documentation available from list agent! Total of almost 24 acres. Lots have plenty of privacy and one lot has a pond. Great opportunity for a developer with low inventory in Auburn. Great location, easy access to Mass Pike, 290 & 395 - a commuter's dream! 15 minutes away from downtown Worcester. Build your dream home on one lot and develop the rest to sell; don't miss this great opportunity!
| |||
| Dec 21, 2004 | Sold | ||
| Sold | |||
| Sep 9, 2004 | Listed by Hajec and Associates | $289,900 | |
| Listed by Hajec and Associates | |||
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