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$735,000
● Multifamily - Off Market

8 & 10 Summit Road

bedrooms
7 Beds
bathrooms
0 Bath, 1 Half Bath
square feet
3,290 Ft²
$1,730,431
RealtyHop Estimate
130.72%
Since Jul 1, 2003
National-US
Primary Model

About This Property

UNIQUE 2 FAMILY OFFERS SUPERB LOCATION IN COLLEGE HEIGHTS. LARGER UNIT HAS 9 RMS(3 FLRS);2ND UNIT HAS GREAT LAYOUT 2 LRG.BDRMS PLUS SLEEPING PORCH. CONDO CONVERSION POSSIBLE. SHORT WALK TO TOWN AND TRAIN.  SPRAGUE SCHOOL.
Unit Size
3,290 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$228
Property Type
Multifamily
Property Taxes
$489
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 years ago (MLSPIN #30687030)

Price History

Date / Event Date Event Price
Jun 30, 2003 Sold
Premium
Sold
Feb 5, 2003 Listed by William Raveis R.E. & Home Services $750,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Dishwasher, Refrigerator), Water Heater(Varies Per Unit), Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections Varies per Unit
Flooring Type: Wood, Vinyl, Varies Per Unit
Rooms: 14
Has Fireplace
Fireplaces: 2
Basement: Full, Walk-Out Access, Concrete
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 5
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed
Lead Paint: Unknown
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Zoning: RES
Parcel Number: 262747
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $725,000
Tax Annual Amount: $5,872
Utilities Details
Utilities: for Gas Range, for Gas Oven, Varies per Unit
Cooling Type: Unit 1(Central Air)
Heating Type: Unit 1(Forced Air, Oil), Unit 2(Hot Water Baseboard, Oil)
Location Details
Community Features: Public Transportation, Shopping

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30687030
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