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$450,000
● Multifamily - Off Market

44 Cherry

bedrooms
7 Beds
bathrooms
4 Baths
square feet
3,816 Ft²
$829,802
RealtyHop Estimate
72.91%
Since Nov 1, 2005
National-US
Primary Model

About This Property

Opportunity knocks in the Diamond District!  A real diamond in the rough.  Be inspired by the potential of this spacious, light-filled solid home flowing with character.  High ceilings, hardwood floors, unique layout, charming built-ins, and great rental history are just some of this home's features with plenty of potential.  Situated on a large corner fenced in lot, the home is just a short walk to Kings Beach.  Ideal for an investor as a condo conversion or owner occupied, as the home feature
Unit Size
3,816 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$126
Property Type
Multifamily
Property Taxes
$331
HOA Dues
-
Year Built
-

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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.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #70249799)

Price History

Date / Event Date Event Price
Oct 31, 2005 Sold
Premium
Sold
Aug 26, 2005 Listed by Coldwell Banker Signature Homes $479,900
Listed by Coldwell Banker Signature Homes

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street, On Street
Garage Spaces: 1
Interior Details
Full Bathrooms: 4
Interior Features: Unit 1(Ceiling Fans), Unit 2(Pantry), Unit 3(Ceiling Fans, Pantry), Unit 4(Studio), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room, Kitchen, Family Room)
Appliances: Range, Refrigerator, Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
Flooring Type: Wood, Vinyl, Carpet, Varies Per Unit
Laundry Features: Washer Hookup
Rooms: 16
Basement: Partial, Interior Entry, Bulkhead, Concrete
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Zoning: res
Parcel Number: 2001361
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $389,900
Tax Annual Amount: $3,969
Utilities Details
Utilities: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
Heating Type: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard), Unit 3(Hot Water Baseboard), Unit 4(Electric Baseboard)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat

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# 70249799
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