38 Carter Road
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 16, 2020 | Sold | ||
| Sold | |||
| Jul 29, 2020 | Listed by Coldwell Banker Realty - Leominster | $270,000 | |
| Listed by Coldwell Banker Realty - Leominster | |||
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Rare land lot offering located on desirable Carter Road near Westminster center. Public water and sewer in the street. Has enough frontage and acreage to be two lots, or possibly three with a RRS subdivision. Buyer to do their due diligence with town boards etc... See attached docs for info. Land currently under Chapter 61B restriction.
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| Nov 1, 2007 | Sold | ||
| Sold | |||
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