$395,000
●
Multifamily -
Off Market
31-37 Dane Ave
Worcester, MA 01607
6 Beds
2 Baths
2,248 Ft²
$554,102
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
BOM: ATTENTION Developers, Builders and Buyers, Fantastic
opportunity to buy a two-family home with TWO approved residential
buildable lots located in an up and coming area. PLUS there is
enough land and frontage to create three builable lots in RS-7
zoning. New single homes and attached duplexes in the area are
selling in the $360's and up. The property is partially wooded with
the feel of being in the country yet the convenience of city
living. Ideally located near shopping and many major Routes 20,
146, the Mass Pike and UMass Medical. Rents are below market and
could go up. Oversize garage on the property is being rented out to
a contractor for $500 a month and can be kept for investment or
redevelopment. Total monthly income: $2,100. Listed as land as well
in MLSPIN # 72594462
Unit Size
2,248 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$182
Property Type
Multifamily
Property Taxes
$525
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 #72594460)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2020 | Sold | ||
| Sold | |||
| Nov 20, 2019 | Listed by Weichert REALTORS®, Hope & Associates | $409,900 | |
| Listed by Weichert REALTORS®, Hope & Associates | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Off Street, Common, Driveway, Stone/Gravel, Paved
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Rooms: 10
Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 2 Family - 2 Units Up/Down
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Enclosed
Lead Paint: Unknown
Lot Features: Wooded, Cleared, Level
Lot Size Area: 0.68
Lot Size Units: Acres
Lot Size Acres: 0.68
Zoning: RS-7
Water Source: Public
Financial Details
Tax Assessed Value: $350,200
Tax Annual Amount: $6,304
Utilities Details
Heating Type: Baseboard
Sewer : Private Sewer
Location Details
Community Features: Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, Private School, Public School, T-Station, University
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/20/2019
| |
6 Bed
|
2 Bath
|
2248 ft²
|
$409,900
6 Bed
2 Bath
2248 ft²
|
$395,000
-3.64%
09/01/2020
|
Julia Acquaah-Harrison
Weichert REALTORS®, Hope & Associates
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017