48 Upton 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 |
|---|---|---|---|
| Nov 14, 2016 | Sold | ||
| Sold | |||
| Apr 27, 2016 | Listed by Coldwell Banker Realty - Northborough | $249,900 | |
| Listed by Coldwell Banker Realty - Northborough | |||
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Small Business opportunity! Home is located in mixed use/ neighborhood buisness zone with great visibility and traffic count. Zoning allows for owner occupant to run a business from the property, business type must be approved by the town. Property consists of a Gambrel style home with detached 3 stall cement block garage with circular drive. Parcel is 1 acre with enclosed rear yard offering plenty of privacy and/or opportunity for parking/expansion. Town classifies home as a 1800 squre foot 4 bedroom 2 bath however 2nd floor is only partially finished. Home needs work to restore to its full potential but great opportunity to design and construct to suit your individual business and residential needs. Further expansion possibilities in the basement. Schedule a private showing to determine if this rare opportunity suits your needs.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017