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$440,000
● Multifamily - Off Market

48 Cherry

bedrooms
5 Beds
bathrooms
0 Bath
square feet
2,496 Ft²
$1,061,100
RealtyHop Estimate
130.72%
Since Jul 1, 2003
National-US
Primary Model

About This Property

LOCATION LOCATION IS THIS FELLSWAY 2 FAMILY WITH GREAT RENTS SPACIOUS ROOMS UNITS HAVE BEEN UPDATED ONE UNIT HAS 3 BRMS AND THE OTHER 2BRMS HARDWOOD FLOORS THIS HOUSE IS A MUST SEE DON'T MISS OUT IT IS A REAL PLEASURE TO SHOW HURRY
Unit Size
2,496 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$184
Property Type
Multifamily
Property Taxes
$262
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 #30722752)

Price History

Date / Event Date Event Price
Jun 30, 2003 Sold
Premium
Sold
May 16, 2003 Listed by Leading Edge Real Estate $459,900
Listed by Leading Edge Real Estate

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Ceiling Fans, Pantry), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room, Kitchen, Family Room), Unit 2 Rooms(Living Room, Kitchen, Family Room)
Appliances: Unit 1(Range, Disposal), Unit 2(Range, Dishwasher, Disposal), Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile, Vinyl
Laundry Features: Unit 1 Laundry Room
Rooms: 11
Basement: Full, Walk-Out Access, Interior Entry, Concrete
Exterior Details
Security Features: Unit 1 Security System
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Screens
Construction Materials: Frame
Patio and Porch Features: Enclosed, Patio
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Zoning: RES
Parcel Number: 635539
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $236,600
Tax Annual Amount: $3,142
Utilities Details
Utilities: for Gas Range
Cooling Type: Unit 1(None), Unit 2(None)
Heating Type: Unit 1(Steam, Gas), Unit 2(Steam, Gas)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping, Sidewalks

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# 30722752
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