HANOVER'S UNCOMMON OPPORTUNITY -Some properties offer a beautiful
home. This one offers so much more. Set on approximately .90
acres along Hanover's desirable Main Street, this distinctive brick
residence combines character, thoughtful updates, generous living
space, and an extraordinary 30' x 50' detached building-a rare
combination in today's market. Inside, the approximately
3,150-square-foot home offers 4 bedrooms and 3 full baths, with an
inviting kitchen, spacious living areas, a private primary suite,
finished lower-level space, and character you simply don't find in
newer construction. But the real surprise is outside - THE
30' x 50' DETACHED BUILDING With approximately 1,500 square feet on
the main level plus additional upper-level space, this impressive
structure is far more than a typical garage or workshop. With 12' ceilings, oversized doors, 100-amp electrical service, an, d a
radiant-heat-ready slab, the possibilities are extensive.
Imagine having the space for a serious car or motorcycle
collection, Contractor or tradesperson workspace, Workshop or
studio, Home-based business space, subject to town approval,
Equipment and recreational storage, Collector's space Hobby and
project space. The property also offers a 2-car attached
garage, town water, natural gas, updated electrical service, newer
windows, extensive landscaping, and an improved driveway and
walkway. This is a property for someone who wants more than a
house. It is for the buyer who wants space, character, flexibility
and possibilities-all in Hanover. HANOVER'S UNCOMMON OPPORTUNITY
-755 Main Street is not a property you see every day.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017