$449,900
●
Multifamily -
Off Market
38 Summit Ave
Everett, MA 02149
5 Beds
3 Baths
3,419 Ft²
$828,944
RealtyHop Estimate
80.24%
Since Apr 1, 2006
MA-Boston
Primary Model
About This Property
Excellent opportunity to own a 3 level 2 family in Everett.
Close to all public transportation and shopping. All
newer replacement windows and newer oil tanks, fenced in yard with
space for two cars plus on-street parking. THIS 2 FAM HOME IS
APPROX 500-1000 SQ FT LARGER THAN MOST 2 FAM HOMES IN EVERETT.
Seller says some water leakage into basement from attached
bulkhead enclosure during heavy rain. INCLUDES 1 YEAR AON
HOME WARRANTY.
Unit Size
3,419 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$135
Property Type
Multifamily
Property Taxes
$317
HOA Dues
-
Year Built
1900
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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 #70241502)
Price History
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Pantry, Other (See Remarks)), Unit 2(Other (See Remarks)), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks))
Appliances: Unit 1(Range), Unit 2(Range, Dishwasher, Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Vinyl, Carpet, Varies Per Unit
Laundry Features: Washer Hookup
Rooms: 12
Basement: Full, Interior Entry, Bulkhead, Concrete
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Zoning: DD
Parcel Number: 485955
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $446,300
Tax Annual Amount: $3,802
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Heating Type: Unit 1(Hot Water Radiators, Oil), Unit 2(Forced Air, Oil)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping, Sidewalks
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 |
|---|---|---|---|---|---|---|---|
|
05/29/2018
| |
5 Bed
|
4 Bath
|
2764 ft²
|
$679,900
5 Bed
4 Bath
2764 ft²
|
$750,000
+10.31%
06/27/2018
|
Gercilaine DeSouza
Allison James Estates & Homes of MA, LLC
|
|
08/13/2005
| |
5 Bed
|
3 Bath
|
3419 ft²
|
$459,900
5 Bed
3 Bath
3419 ft²
|
$459,900
03/31/2006
|
Ralph Lanzetta
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017