75 Ridge 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 |
|---|---|---|---|
| Jul 24, 2023 | Sold | ||
| Sold | |||
| Jun 9, 2021 | Listed by RE/MAX Vision | $599,000 | |
| Listed by RE/MAX Vision | |||
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Builders take notice! Lots of hidden potential on 3.73 acres located at 75 Ridge Road, Northborough. Situated on scenic Bartlett Pond, perfect for fishing and kayaking. Excellent commuter location. Close proximity to schools and other convenient amenities. 600' of frontage. Potential for (4) four bedroom homes or (4) two bedroom Duplexes. (Approval required for duplexes) Multiple structures and trash/debris on land that must be removed by buyer. Land sold "as is". Buyer responsible for testing, surveying and permitting. Buyer and buyer's agent to do due diligence. Limited information on property. Recommend Hiring a Civil Engineer to Determine Highest and Best Use.
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| Jun 2, 2020 | No longer available | - | |
| No longer available | |||
| Apr 17, 2020 | Relisted | $599,000 | |
| Relisted | |||
| Sep 27, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017