72 Michigan Ave
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 1, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | In contract | - | |
| In contract | |||
| Mar 19, 2024 | Listed by William Raveis R.E. & Home Services | $529,900 | |
| Listed by William Raveis R.E. & Home Services | |||
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Welcome to your new home in Lynn! This charming ranch boasts two bathrooms and 2 bedrooms- (1 up 1 down) ideal for comfortable living. Enjoy the warmth of the sunny and bright fireplace, with wood stove insert in the living room, complemented by gleaming hardwood floors. The dining area provides the perfect space for gatherings. The large eat-in kitchen features granite countertops and stainless steel appliances, making meal prep a breeze. With unique dual living areas, there's plenty of space for relaxation and entertainment. A detached two car garage adds convenience and storage options, while the well maintained yard offers a serene retreat for outdoor enjoyment. Short stroll to Swampscott Commuter Rail. Don't miss out on this wonderful opportunity to call this house your home. Open Houses Thursday 3/21 4:30-6:00 ,Sat/Sun 12-1:30pm.
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| Jun 13, 2018 | Sold | ||
| Sold | |||
| May 8, 2018 | Listed by William Raveis R.E. & Home Services | $339,900 | |
| Listed by William Raveis R.E. & Home Services | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017