Rare opportunity to own an Income Generating Duplex. This property
is perfect for an investor or for an owner occupant looking to
build equity and enjoy mortgage payments assistance. 1st time
offered 10 year old, newly updated, 1600+ sq. ft. 3 bedroom,
2 ½ bath unit, with special amenities like 2 zones of heating and
a/c, washer/ dryer room, storage space, sunny deck, large back yard
and easy access to 495. This move in ready duplex a has a 1st floor
open concept living room, half bath, cabinet filled kitchen and
dining area with sliding glass doors that open onto a sun filled
deck that's great for grilling. The spacious 2 car garage includes
lots of shelves and space for your lawn and gardening equipment,
automatic door openers and an easy access driveway with parking for
2-3 additional cars. Unit income is $18000+ per year. Rental side
is a duplicate of the owner occupied unit. Investment income and
expense information available.
Unit Size
4,374 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$101
Property Type
Multifamily
Property Taxes
$510
HOA Dues
-
Year Built
2003
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Cap Rate Calculator
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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.
Parking Features: Paved Drive, Off Street, Guest, Paved
Garage Spaces: 4
Interior Details
Half Bathrooms: 2
Full Bathrooms: 4
Interior Features: Unit 1(Bathroom with Shower Stall, Bathroom With Tub & Shower), Unit 2(Slider), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Dishwasher, Microwave, Refrigerator, Range - ENERGY STAR), Unit 2(Range, Disposal, Microwave, Refrigerator, Vent Hood), Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Vinyl, Carpet, Laminate, Unit 1(undefined), Unit 2(Wood Flooring, Wall to Wall Carpet)
Laundry Features: Washer Hookup, Unit 1 Laundry Room
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Cooling Type: Unit 1(Central Air, 2 Units), Unit 2(Central Air, 2 Units)
Heating Type: Unit 1(Central Heat, Forced Air, Gas), Unit 2(Central Heat, Forced Air, Gas)
Sewer : Public Sewer
Location Details
Community Features: Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, House of Worship, Private School, Public School
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