7 Morse Road
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 |
|---|---|---|---|
| Apr 5, 2024 | Sold | ||
| Sold | |||
| Mar 5, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $799,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
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Ideal for contractors, flippers, and any buyer seeking a project, this Sherborn property presents an excellent opportunity to customize and build equity. Nestled in a sought-after neighborhood on the East side of Sherborn, it offers easy access to Natick, Wellesley and the commuter rail. The main level boasts a spacious formal living room with bay window and fireplace, dining room, kitchen, and family room with fireplace and access to a screened porch. Upstairs features 4 bedrooms, 2 baths, and ample storage. With an unfinished basement for potential expansion, plus a new septic system (installed in 2021) and natural gas heat, convenience meets opportunity. Enjoy top rated schools, miles of trails on conservation land, and Farm Pond Recreation area nearby. Quick access to commuting routes, shopping and restaurants. Property is being sold AS IS. Don't miss this amazing opportunity! Showings begin Friday 3/1.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017