38 Clinton Rd.
About This Property
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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 |
|---|---|---|---|
| Oct 20, 2014 | Sold | ||
| Sold | |||
| Oct 9, 2013 | Listed by Sterling Properties | $25,000 | |
| Listed by Sterling Properties | |||
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Undeveloped 2.49 acres of raw land with approximately 711 feet of frontage. Propety is located on Rt. 62 in Sterling heading toward Clinton. Zoned (NR) Neighborhood Residential with a possible 4 lots. Town of Sterling minimum requirements for building lot is 125 feet of frontage and 0.5 acres per lot.
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| Sep 15, 2010 | Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. | $34,800 | |
| Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. | |||
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HUGE PRICE REDUCTION!!! 2.49 Acres of land with approximately 700 feet of frontage on Clinton Road - possible sub-dividing of land on this residentially zoned parcel - Town of Sterling requires 1/2 acre lots with 125 feet of frontage - ton of frontage and great possibilites with a nice neighborhood directly across the street on Lesley Lane.
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| Apr 5, 2010 | Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. | $108,500 | |
| Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. | |||
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Lot located near the center of Sterling! Two and a half acres with over 700 feet of frontage on Route 62. Could be zoned commercial with a special permit from the town. Great visibility.
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| Dec 22, 2008 | Sold | ||
| Sold | |||
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