49 Madison St
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, 2019 | Sold | ||
| Sold | |||
| Jun 13, 2019 | Listed by Century 21 North East | $240,000 | |
| Listed by Century 21 North East | |||
| Jun 21, 2017 | Sold | ||
| Sold | |||
| Jan 14, 2016 | Listed by RE/MAX Encore | $113,000 | |
| Listed by RE/MAX Encore | |||
| | |||
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WOW! Here is the 2017 rehab project you have been looking for! 4 Bedroom 1 full bath home in need of rehab. You can reside in the home as you turn this project into an investment property. And for this price? Way below assessed value because this house needs work. Solid house, just needs to be tendered to. Lowell is one of the cities that had the highest growth in property values. You have 4 spacious bedrooms upstairs. Downstairs has a living room, dining room and kitchen. Basement is clean and great for storage. You couldn't ask for a better commuter location. Right across from Routes 495 and Route 3. Also, public transportation right at your finger tips. Local stores and shops line the street. This could be a real money maker. According to homeowner there is parking for 3 cars on the side of the house as well as parking in the street.
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| Jul 31, 2003 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017