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$1,185,000
● Multifamily - Off Market

7 Commonwealth

Salisbury, MA
bedrooms
6 Beds
bathrooms
5 Baths
square feet
3,981 Ft²
$2,000,586
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

DIRECT OCEANFRONT WITH OUTSTANDING DUNE SYSTEM PROVIDING FOR ULTIMATE STORM  PROTECTION.  MAIN HOUSE FEATURES STUNNING OCEANFRONT 3 BEDROOM HOME IN FABULOUS CONDITION . HARDWOOD, TILE & WALL TO WALL CARPETING, FIREPLACE IN LIVING ROOM, KITCHEN FEATURES CORIAN COUNTER TOPS ,SPACIOUS FORMAL DINING ROOM,  MASTER BEDROOM INCLUDES A FIREPLACE, CATHEDRAL CEILING, SKYLIGHTS, FULL BATH.  PLUS A WALL OF WINDOWS  PROVIDING GREAT PANORAMIC OCEAN VIEWS AND SLIDERS TO DECKS. NEW WINDOWS, COTTAGE  ROOF 4 YEARS OLD. .ALSO INCLUDES   A ONE BEDROOM UNIT IN MAIN HOUSE WITH A 3/4 BATH. 3RD UNIT IS A   DETACHED SINGLE FAMILY RANCH WITH 2 BEDROOMS AND  LOFT.  SMALL RANCH CAN BE REMOVED TO ADD SUBSTANTIALLY MORE PARKING.  LOCATED ON DESIRABLE COMMONWEALTH AVENUE ON THE SEABROOK LINE.
Unit Size
3,981 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$351
Property Type
Multifamily
Property Taxes
$1,234
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: 5 years ago (MLSPIN #72614551)

Price History

Date / Event Date Event Price
Mar 27, 2020 Sold
Premium
Sold
Feb 2, 2020 Listed by Gabriel Realty Group $1,399,000
Listed by Gabriel Realty Group

Property Highlights

Parking Available
Fireplace
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 5
Interior Features: Unit 1(Ceiling Fans, Cathedral/Vaulted Ceilings, Open Floor Plan, Slider), Unit 3(Ceiling Fans), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen, Loft)
Appliances: Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Refrigerator), Unit 3(Range, Refrigerator), Gas Water Heater
Flooring Type: Wood, Tile, Vinyl, Carpet, Unit 1(undefined), Unit 2(Stone/Ceramic Tile Floor)
Rooms: 14
Has Fireplace
Fireplace Features: Unit 1(Fireplace - Natural Gas)
Fireplaces: 2
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 5
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch, Deck
Lead Paint: Unknown
Lot Features: Flood Plain
Lot Size Units: Acres
Zoning: RES
Parcel Number: 2148241
Water Source: Public
Financial Details
Tax Assessed Value: $1,248,600
Tax Annual Amount: $14,808
Utilities Details
Sewer : Public Sewer

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: 5 years ago
Data Source: MLS PIN, MLS# 72614551
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