$20K price reduction in this amazing property. Nothing to do but
just move in! This renovated 2 family located within close
proximity to the commuter rail and shopping is ideal for both an
investor and owner-occupant! Unit 1 is currently rented M2M at
$1,600, and the bi-level second unit is owner occupied! Both
feature modern bathrooms and eat in kitchens with modern cabinetry
& dishwashers, and great layout throughout the home. Front-facing,
sunsplashed living rooms. New roof & New Windows, Completely
updated: low maintenance vinyl siding, electric, kitchens,
bathrooms, gas furnaces, flooring. Seller has also made myriad
upgrades since he bought it. Laundry hook-ups and extra storage in
basement. This is a cash cow with very little ongoing maintenance
required and robust rental history. Elevation certificate in
hand!!!!!!!
Unit Size
2,214 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$185
Property Type
Multifamily
Property Taxes
$340
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.
Interior Features: Unit 1(Lead Certification Available, High Speed Internet Hookup, Bathroom With Tub, Programmable Thermostat), Unit 2(Lead Certification Available, Bathroom With Tub, Programmable Thermostat), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Dishwasher, Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Wood, Unit 1(undefined), Unit 2(Hardwood Floors)
Cooling Type: Unit 1(Window AC), Unit 2(Window AC)
Heating Type: Unit 1(Gas, Individual), Unit 2(Hot Water Baseboard, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station
30 Walnut
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