Turn-key 3 bedrm condo with all the conveniences of Melrose's
thriving downtown including Whole Foods, Melrose-Wakefield
Hospital, fabulous restaurants such as Turner's, Stearns & Hills,
Mexico Lindo & more. Steps to commuter rail & the amenities of
Cedar Park and Farmer's Market, yet it's also tucked away from all
the hustle and bustle. This tastefully remodeled unit features
gleaming hardwood floors, lovely wainscoting in the livingrm,
diningrm and fully applianced eat-in kitchen. Convenient in-unit
washer and dryer, super large finished room in basement for
exercise room, rec-room, or man-cave, you choose! Kitchen boasts
granite counters, wood cabinetry, recessed lighting and
high-efficiency stainless steel appliances, heating system & water
heater. Newer roof, siding & windows, exclusive use of a portion of
the yard/patio area separate for each unit.
Unit Size
1,581 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$266
Property Type
Condo
Property Taxes
$833
HOA Dues
$230
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.
Appliances: ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range - ENERGY STAR, Gas Water Heater, Tank Water Heaterless, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Vinyl, Hardwood, Flooring - Vinyl
Laundry Features: In Unit
Rooms: 7
Basement: Y
Parking Details
Parking Features: Off Street, Tandem, Deeded
Exterior Details
Has Property Attached
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Roth Manor Condominium
Structure Type: High-Rise
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Patio
Lead Paint: Unknown
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Zoning: URD
Parcel Number: 654187
Water Source: Public
Financial Details
Tax Assessed Value: $9,999
Tax Annual Amount: $9,999
Utilities Details
Utilities: for Electric Range, for Electric Dryer
Cooling Type: None
Heating Type: Baseboard, Heat Pump, Natural Gas, Electric, Unit Control, ENERGY STAR Qualified Equipment
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
Pets Allowed: Yes w/ Restrictions
Management: Owner Association
30 Vine
#2,
Melrose, MA,
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