475 Route 20
About This Property
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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%.
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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 |
|---|---|---|---|
| Dec 25, 2022 | No longer available | - | |
| No longer available | |||
| Feb 24, 2021 | Listed by Hilltown Real Estate by Adams Realty | $475,000 | |
| Listed by Hilltown Real Estate by Adams Realty | |||
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Located in the "Commercial Overlay District" of Chester this land could be used for commercial or residential. About 15+/- acres are level and mostly cleared ready for you to bring your ideas. Rte.20 is a main road that leads to the Berkshires and other Hilltown areas. Current owners have been in talks with the town and a wind turbine company and are willing to share the test results with anyone interested. This would be a great location for some Senior housing, shopping/convenience store, etc., bring your ideas! Buyer will need to do due diligence to verify usage with the town. See the Rte.20 Commercial Overlay District By-Laws that are attached. Maps are rough outlines and may not be accurate. 2nd photo shows approx. level area. Contour of the land has changed a little from the photo; there is more level land now.
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| Aug 30, 2019 | Sold | ||
| Sold | |||
| Aug 29, 2018 | Listed by Red Horse Real Estate | $88,250 | |
| Listed by Red Horse Real Estate | |||
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Bring your dreams, your hammer and earn some sweat equity! Country farmhouse situated in a quaint town near the Berkshire Hills, Chester Theater, the River, Jacob's Pillow, and so much more. The home needs work but could make for a nice country home. CALLING INVESTORS, HANDYMAN TYPES, CONTRACTORS. The owners have decided to remove some gravel from the property beside it. The realtor is the trustee but has no fiduciary interest in the property.Property to be broken off from a larger parcel. Seller is Motivated. Being sold 'As Is". Property is residential in a commercial overlay area.
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| Mar 19, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017