40 Spring St
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 |
|---|---|---|---|
| Nov 4, 2024 | Sold | ||
| Sold | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
| Sep 3, 2024 | Listed by Maple and Main Realty, LLC | $445,000 | |
| Listed by Maple and Main Realty, LLC | |||
| | |||
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Own a piece of history with this farmhouse that was once part of the Underground Railroad. Located just outside of downtown Florence with close access to the Saw Mill Hills Conservation Area trailheads and community gardens. The 1st floor includes a spacious living room/dining room, updated kitchen, sunroom with exterior access to a deck, office and a full bathroom with laundry. There are 3 bedrooms upstairs including a primary suite with vaulted ceiling, private balcony and updated bathroom with tiled shower. Many more improvements have been made in the past 5 years including newly painted exterior, new owned solar panels, electrical panel, new stove and dishwasher, patio door, side deck, insulation, portions of the roof, high efficiency Bosch Greenstar gas boiler with an on demand hot water heater. There is also a detached garage that is fully insulated, ideal for a workshop. Showings can begin right away with an open house scheduled for Saturday, September 7, 11-1pm.
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| Jan 13, 2023 | Sold | ||
| Sold | |||
| Dec 12, 2022 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017