Tucked away on quiet side street is this well-maintained
owner-occupied 6/5 two-family available for the 1st time in over 98
years. The 1st unit has 6 rooms with a spacious living room, dining
room w/built-in hutch, EIK with plenty of cabinets, counter space
and storage, 2 spacious bedrooms with ample closet space, den, full
bath, and enclosed back porch. 2nd unit offers 5 rooms with bright
and sunny living room, dining room w/built in hutch, EIK with
plenty of cabinets, counter space and storage, 2 spacious bedrooms
with ample closet space, full bath, and enclosed back porch.
Basement has tons of storage space, workshop, laundry,
separate heat, electrical and hot water Updates: Roof, A/C in both
units, windows, sewer line to the street, hardwood floors
throughout. Spacious yard for all your outdoor entertainment, deck,
2-car garage, plus parking for 8 add'l cars. Easy access to
Wellington & Malden T, major highways, shopping,
entertainment at Assembly Row complex or Encore Casino.
Unit Size
2,557 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$313
Property Type
Multifamily
Property Taxes
$475
HOA Dues
-
Year Built
1920
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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.
Parking Features: Paved Drive, Off Street, Driveway, Paved
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Ceiling Fans, Storage, Bathroom With Tub & Shower), Unit 2(Ceiling Fans, Storage, Bathroom with Shower Stall), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Office/Den), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Gas Dryer
Flooring Type: Tile, Carpet, Laminate, Hardwood, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors, Wall to Wall Carpet)
Laundry Features: Washer Hookup, Unit 1(Washer Hookup, Dryer Hookup)
Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Gas Dryer, Washer Hookup
Cooling Type: Unit 1(Central Air, Individual), Unit 2(Central Air, Individual)
Heating Type: Unit 1(Forced Air, Gas, Individual), Unit 2(Forced Air, Gas, Individual)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
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