3122 Franklin Street
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 11, 2023 | Sold | ||
| Sold | |||
| May 16, 2023 | Listed by IPJ Real Estate | $399,900 | |
| Listed by IPJ Real Estate | |||
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The main house has been updated and renovated and provides for plenty of space for working from home, versatile room space for various guests/family, generous social spaces in the living room and dining room and summer's favorite space - a screened porch! Beautiful, extra wide pine plank floors -- some up to 26 inches wide -- in the living and dining rooms and upstairs bedrooms, give this house that extra charm and 1830s feel. The apartment on the second floor of the main part of the house is currently rented and consists of a bedroom, office, living room, full bath and partial kitchen (no stove). The land around this house is quite lovely and with over 4 acres there's plenty of room to have play games, have gardens, cut some trails, acquire some four legged friends. A brand new septic system (permitted for a 4 bedroom house with a 1 bedroom apt) was installed in the spring of this year. The two car detached garage/barn has an awesome workshop space in the back and a full second story. The old corn crib is currently being used for storage. Plenty of room to park, lots of space to play and so convenient to Rutland and Brandon and just about 20 minutes to Middlebury. All the heavy lifting has been done, all you have to do now is move in! This property is in the Rural Development zoning district which has a minimum requirement of 2 acres for each primary structure. Subdivision could be explored.
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| Aug 25, 2017 | Sold | ||
| Sold | |||
| Jun 19, 2017 | Listed by Bean Group / Vermont | $165,000 | |
| Listed by Bean Group / Vermont | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017