74 West Main 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%.
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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 |
|---|---|---|---|
| Jan 23, 2020 | Sold | ||
| Sold | |||
| Nov 7, 2019 | Listed by Keller Williams Realty-Merrimack | $299,900 | |
| Listed by Keller Williams Realty-Merrimack | |||
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Super location in the new form based West Main St zoning district. This property is part of the St Mary's Catholic Church compound that is being divided off of the original lot before closing. The building was previously used as a church school and a rectory, therefore some rooms are still set up as classrooms. This is a unique opportunity for a potentially very large single family. Zoning is General Residence. The floor plan is very flexible. There are 3 bedrooms with individual bathrooms for each room. In addition the partially finished basement has an additional 1/2 bath. The huge 12 x 16 kitchen is art deco era original with loads of cabinet space. The potential master bedroom is a very spacious 13 X 25! This is a unique property with flexible space. There are a total of 5 bedrooms with 3 full and 2 half baths. Parking for 4 cars.The location is within walking distance of Ayer Center with many restaurants, services, and daily commuter rail service to Boston, Waltham, and Cambridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017