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$227,500
● Multifamily - Off Market

40 Grove

Gloucester, MA
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,710 Ft²
$610,988
RealtyHop Estimate
166.81%
Since Jan 1, 2002
National-US
Primary Model

About This Property

SUPER 2 FAMILY! MOVE IN CONDITION. CONVENIENT IN TOWN LOCATION.
Unit Size
1,710 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$134
Property Type
Multifamily
Property Taxes
$142
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 years ago (MLSPIN #30556767)

Price History

Date / Event Date Event Price
Dec 14, 2001 Sold
Premium
Sold
Oct 30, 2001 Listed by Century 21 N. Shore By The Sea $229,000
Listed by Century 21 N. Shore By The Sea

Property Highlights

Interior Details
Full Bathrooms: 2
Interior Features: Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator)
Flooring Type: Wood, Vinyl, Carpet
Laundry Features: Washer Hookup
Rooms: 8
Basement: Full, Walk-Out Access, Bulkhead, Concrete
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Patio and Porch Features: Deck
Lead Paint: Unknown
Pool Features: Above Ground
Lot Features: Other
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Zoning: R4
Parcel Number: 1895797
Water Source: Public, City/Town Water
Financial Details
Tax Map Number: 39
Tax Assessed Value: $128,000
Tax Annual Amount: $1,699
Utilities Details
Utilities: Washer Hookup
Heating Type: Unit 1(Central Heat, Hot Water Baseboard, Gas), Unit 2(Central Heat, Hot Water Baseboard, Gas)
Location Details
Community Features: Public Transportation, Pool

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30556767
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