Fantastic downtown location. Short walk to upscale
restaurants, theaters, library, beaches, parks and commuter rail to
Boston via Salem. This renovated lower level condo unit has an open
floor plan with living room open to kitchen which has granite
countertops, Stainless GE refrigerator/freezer that is only 7
months old. Brand new disposal. Amana Electric range. Stainless
dishwasher and wooden cabinets. There is a small room off the
kitchen which would make a great pantry or even a spot to simply
relax in a quiet corner of the home. Two bedrooms with some
open brick walls. Bathroom has tile floor and tile walls.
Washer and dryer hook-up. There are two private entrances and
a backyard patio that is surrounded by mature plantings. One
easement for vehicle. Condo fee includes water, sewer,
master insurance, exterior maintenance, landscaping and snow
removal. Water heater is 2013. 2 small pets allowed,
but only one dog, under 35 lbs unless owners are in agreement
Unit Size
775 Ft²
Days on Market
-
Land Size
-
Price per sqft
$257
Property Type
Condo
Property Taxes
$154
HOA Dues
$185
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
ExpensesPer Year
Operating ProfitPer Year
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.
Features: Flooring - Laminate, Countertops - Stone/Granite/Solid, Exterior Access, Open Floorplan, Recessed Lighting, Second Dishwasher, Stainless Steel Appliances
Area: 81
Level: First
Features: Closet, Flooring - Laminate
Width: 15
Length: 8
Area: 120
Features: Closet, Flooring - Laminate
Width: 8
Length: 9
Area: 72
Level: First
Length: 11
Level: First
Area: 143
Features: Flooring - Laminate, Exterior Access, Open Floorplan, Recessed Lighting
Width: 13
Area: 56
Width: 8
Length: 7
Level: First
Features: No
Full Bathrooms: 1
Interior Features: Pantry
Appliances: Range, Dishwasher, Disposal, Refrigerator, Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Laminate
Laundry Features: Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Rooms: 4
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Detached
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Patio
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RHD
Parcel Number: 4520987
Water Source: Public
Financial Details
Tax Assessed Value: $129,300
Tax Annual Amount: $1,846
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer
Community Features: Public Transportation, Shopping, Pool, Park, Medical Facility, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Owner Association
36 Wallis
#1,
Beverly, MA,
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017