47 Cherry Street
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 |
|---|---|---|---|
| Mar 5, 2025 | Sold | ||
| Sold | |||
| Jan 30, 2025 | In contract | - | |
| In contract | |||
| Jan 23, 2025 | Listed by Advisors Living - Boston | $724,900 | |
| Listed by Advisors Living - Boston | |||
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Lovely 3bed 2bath sits on a large flat lot of over 10,000 sq ft in Medford MA. Perfectly located property close to transportation, making it easy to get around while still offering a peaceful atmosphere. As you approach this home, light-colored vinyl siding exterior, well-kept shrubs, and a beautiful stone wall. Inside, you’ll find a spacious layout that includes a cozy kitchen, a bright living area has a large window that lets in lots of natural light, showcasing the beautiful hardwood floors The big, unfinished basement offers endless possibilities—whether you want to build a playroom, gym, or just need extra storage. Step outside to enjoy the spacious backyard, featuring large trees that provide a great space for outdoor fun in this friendly neighborhood. Upstairs includes modern features, like a stylish bathroom with natural light and 2 bedrooms. Whether you’re a growing family or looking for a quiet retreat with easy access to the city, this home offers a wonderful opportunity.
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| Sep 3, 1997 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017