6 Charles 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 |
|---|---|---|---|
| May 17, 2021 | Sold | ||
| Sold | |||
| Oct 31, 2018 | Listed by Keller Williams Realty | $469,000 | |
| Listed by Keller Williams Realty | |||
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LAND FOR SALE - BUILDABLE Lot 1 - (6 Charles St.) available for sale. — 42,689 sf lot in North Reading's newest sub-division. Recent lot releases from the Town have allowed developer to sell 9 lots within this subdivision. We are presenting 6 Charles St. (Lot 1) in this listing, however, Lots1,2,3, and 11 are also available for sale. Septic designs included with each parcel. NO CONTRACTOR TIE-INS REQUIRED. Gas in the street, cable and electric underground, property connects Charles Street to Deerfield Place. Ideal for a homeowner wanting to build their custom home while controlling the entire building process. Minor restrictive covenants. Call broker for showings details, site info and engineering plans. Note as of January, 2021 five house lots are under agreement with plans for Spring/Summer 2021 construction.
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