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$440,000
● Multifamily - Off Market

7 Franklin Ave

bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,900 Ft²
$929,313
RealtyHop Estimate
94.01%
Since Jan 1, 2005
National-US
Primary Model

About This Property

EXCEPTIONAL 4 FAMILY HOME WITHIN WALKING DISTANCE TO THE BAY. THIS IS A GREAT INVESTMENT WITH NICE TENANTS. ALL UNITS ARE RENTED. ENJOY YOUR INVESTMENT WHILE RELAXING IN THE CAPE. SOUND AND SOLID INVESTMENT IN THE CENTER OF BUZZER BAY. EASY ACCEES TO THE WATER JUST BEFORE THE BOURNE BRIDGE. HURRY THIS ONE WILL NOT LAST. THE OWNER WILL SELL 9 FRANKLIN AS A PACKAGE TO THE RIGHT BUYER. GREAT FOR CONDO CONVERSION IN THE FUTURE. BOTH BUILDING ARE NEXT TO EACH OTHER. $50,000. YEARLY INCOME
Unit Size
3,900 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$123
Property Type
Multifamily
Property Taxes
$192
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: 4 years ago (MLSPIN #70045673)

Price History

Date / Event Date Event Price
Dec 16, 2004 Sold
Premium
Sold
May 25, 2004 Listed by Santomarco Real Estate Service $479,000
Listed by Santomarco Real Estate Service

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 4
Interior Features: Unit 1 Rooms(Living Room, Kitchen, Family Room), Unit 2 Rooms(Living Room, Kitchen, Family Room), Unit 3 Rooms(Living Room, Kitchen, Family Room), Unit 4 Rooms(Living Room, Kitchen, Family Room)
Appliances: Unit 1(Range), Unit 2(Range), Unit 3(Range), Unit 4(Range), Electric Water Heater, Utility Connections for Electric Range
Flooring Type: Carpet
Rooms: 16
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 4 Family
Stories (Total): 4
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Yes, Certified Treated
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Zoning: RES
Parcel Number: 2184569
Water Source: Public, City/Town Water
Financial Details
Tax Annual Amount: $2,300
Utilities Details
Utilities: for Electric Range
Cooling Type: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC), Unit 4(Window AC)
Heating Type: Unit 1(Electric Baseboard), Unit 2(Electric Baseboard), Unit 3(Electric Baseboard), Unit 4(Electric Baseboard)
Location Details
Community Features: Public Transportation, Park, Other

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: 4 years ago
Data Source: MLS PIN, MLS# 70045673
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